Ann: Results of Meeting, page-38

Actually I haven't posted much because there's usually little discussion in response, just mud thrown. Yes it'll obviously take more than one quarter - that's what my past messages have stated such as the one I linked above: "you’ll see this in the numbers that start rolling through each quarter" etc. It doesn't require much experience to know that ramp up is expensive/tough... the question is more how did this run to an almost $3B market cap whilst at this stage of its development/execution. Even at $1.7B it looks pricey to me. I think NAL is an interesting test case for many of the other lithium hopefuls with lofty valuations, these things aren't easy and I think the market is too bullish on how many of these projects will actually make it. Long term, that's actually constructive for the lithium price though.

But in my opinion the best returns will come from the deposits with the best geology, not the ones that rush themselves to market in a flurry of breathless announcements and ever-dilutive capital raises.