anz ceasing substancial holding, page-33

Great effort Ray.

A couple of thoughts:
(1) If Lithium production is only 10,000 tonnes then one would assume potash production would not be 80,000 tonnes.
I say this because potash is a bonus product from lithium production and the recent 'Lodge presentation' had 80,000 tonnes of potash tied to the production of 17,000 tonnes of Lithium.

(2)I think they will achieve the Lodge presentation numbers and keep in mind, they have extra land to ramp up production "if they so wish". My valuation for the Rincon project alone is in excess of US$1.16 before consolidation and is based on the Lodge presentation numbers, US$490 per tonne for potash and a PE of 10.

At .21c this company is an absolute bargain no matter what way you want to look at it and I fully expect some significant activity soon, which could include a takeover.

Thanks again for your post.