One thing we know is that everything changes and we attempt to look ahead to see what those changes are. I'm thinking that the world will need 5X lithium that is produced today. Currently we have a glut of lithium partly because of Chinese Lepidolite which produces 30 tons of toxic waste for every ton of Lithium. Do you think that the expanded demand for lithium will be fueled by a resource that gets bathed in sulphuric acid and the produces 30X of toxic waste? Lake has 2 problems one is capex which they may be able to reduce through technical innovation and the other is low lithium price which I think will recover as demand increases.
Ann: Operational Update, page-78
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