It doesn’t matter how big it is, 127mg/L is rubbish. Even the brine water at LKE is double this at 250mg/L. Actual high-grade brines in the Lithium Triangle are 800-900mg/L.
They massively overpaid for this ‘resource’… C$40M cash and then diluted shareholders to pieces three times: once for the acquisition, then again with the SPP, then with the dreadful 2.5c raise. But in my opinion it’s likely that Big Sandy is uneconomic, so they had to do something to pivot the company… but at such a huge cost to shareholders.
Ann: Prairie Project Resource Upgraded 38%, page-32
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