Imo Mr Market has got the SP valuation spot on.. ANN was as expected and SP was never going to appreciate on what they announced.. Drill depths used to come up with estimate are unheard of by majors. Lilac is an unknown quantity commercially. We need Lilac's costings for a start and then they need to be prove their tech commercially. Its one thing providing costings and it is another walking the talk. What if Lilac doesnt work out ?. Appears ponds are not viable due to elevation!. IMO LKE have half ticked a couple of boxes but the risk in my eyes is massive for Kachi. Prefer they put it on ice and put focused on Cauchari... Some of the hype here and on Twitter is just that "hype" not seeing anything that excites me at this stage
Steve Promnitz Interview, page-7
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