LKE (ASX) Level-headed, blunt assessment of Lake Resources

Originally posted by MrFaargs: ↑

ok well lets do a thought experiment, i dont know that we can since I'm pretty sure you ignored me but, what are the positive talking points that you wish to bring up with LKE and discuss?
for investors and prospective investors, here are the details that i believe they should know
lilac lithium recovery is the lowest in the commercial DLE industry, that is a FACT (76% vs no less than 90%)
until the DFS is released we dont know the bead life for IX beads, also lilac has no customers and no place to create beads long term yet
previous lilac users left partnership due to low recovery rates and bead life being significantly less than advertised (lilac have never proven otherwise scientifically and the new OPEX seems to prove the beads are not lasting 10,000 cycles, more like 50-100 which is what others have reported)
lilac DLE can only separate lithium and nothing else so there is no added value here aside lithium, having only lithium to sell means LKE will live and die on the lithium price which is far from certain to maintain high prices for the life of the project
kachi project will not have meaningful revenue until 2028, around 5 years from today
important EIA has yet to be received, submitted or approved, as this is a unique project it will likely require more scrutiny and could take longer than the year outlined, AGY (in a different province) still waiting for approval after 2 years and thats just for an expansion
the update has shown that kachi will have up to $4.70 - $7.10 per ton operating cost per kg (106m to 161m per year, more than others)
there is no power to the project and a solution has not been chosen or costed yet, will not be ready on site until mid 2027
the CAPEX is up to 1.5bn + power solution costs, this makes it one of the most expensive DLE projects, VUL have a similar CAPEX but are building a geothermal power plant aswel, LKE CAPEX is only for 25ktpa LCE, if you'll recall, the whole point of doing DLE aside from the environmental impact is because it is capital cost effective, low operating cost, easily scaleable and creates the purest lithium at high recoveries, ask yourselves how much of this mission statement LKE/Lilac have achieved
both lilac and LKE now look to spend a considerable amount of time without revenue, LKE will need to CR as current burn rate and as prices go lower it makes LKE's ability to raise money weakener, from a lower MC LKE will have not the ability to raise the 20-30% CAPEX costs, lilac are also looking down the barrel of needing $200m+ (to fund CAPEX) & 150m (for bead facility) and they have no source of income until kachi is in full production, its unlikely they will build a bead facility when they only have 1 customer and this update shows lilac tech has failed at its core function, extracting maximum lithium at a low capital and operating cost

all of this is factual, if you wanna dispute my points, go ahead but you cant just say that pointing all this out is trolling, THIS is the state of the company like it or not, if you just wanna talk about the buy/sell ratio and DD has got this then go ahead, post your positive FACTUAL talking points that you wish we would all discuss

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can you provide links or sources to back up your claims?

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(20min delay)
Last 3.8¢		Change -0.002(5.00%)		Mkt cap ! $63.40M

Open	High	Low	Value	Volume
4.0¢	4.1¢	3.8¢	$230.1K	5.879M

Level-headed, blunt assessment of Lake Resources, page-192

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