Ann: Achievement of Major Milestone for Project Kachi, page-567

“So far, they have only produced 2.5 tons”

of what???

Afaict they have NOT produced that much actual lithium carbonate at all.
The subheading in the announcement states that but I am calling it out as misleading and incorrect, based on the other detail provided.

IF indeed they had produced 2,500kg of actual lithium carbonate, they would have had to have already shipped the full 120,000 litres of eluate to Canada, and saltworks would have had to already have processed it all.
WHEN did those things happen?

afaict, the announcement was actually just informing the market that the full 120kL (or thereabouts) of Li Chloride eluate has been produced on site. That is all.
There are months of shipping and processing ahead.

Prive me wrong. Anyone?!

Perhaps the market realised this exaggeration/error on Tuesday, hence the undoing of monday’s gains since then.

I’m still waiting for the clarifying announcement from the company. …. Crickets


ASIC????