Ann: BMI World Tour - Corporate Presentation, page-116

@sqe My rationale was:

2. Changing sector classification
a) The natural progression for LPD is to be primarily a chemical manufacturing company, both through the processes employed for the core product (Li) and the by-products (eg Cs, Rb). The mining component of the vertically-integrated company is a useful but not a unique differentiator.

b) The market tends to look at non-mining companies less speculatively, though this is certainly not a universal truth (some mining companies are not speculative, and some non-mining companies are certainly speculative).

c) Mining companies are generally considered to be environmentally unfriendly, yet LPD is progressing towards becoming a waste-free operation (steam accepted). Some ethical/environmental investors (individuals, investment funds and financiers) feel increasing pressure to overlook the mining sector for investment opportunities. LPD should not be passed by simply because of its sector allocation.

6. Li₂CO₃ purity
a) Higher purity declared to 2 decimal places may result in not just a better grade of material for battery manufacturers, but in a different product, suitable to other applications, for which a price multiple may be available (as discussed by others in the assay results thread. There is prime facie evidence that this is a realisable opportunity.

b) In the event that LPD product has broader applications than general battery manufacturing, the imperative to upscale (P2) is somewhat reduced, along with risk and improved margins.