Technology to extract lithium from brines is being progressed by a number of companies around the world and while I don't fully understand the cheapest or best process it appears this will likely be the cheapest future for Lithium production.
I can now make sense of the offer to sell Mt Marion to partners. Unfortunately, I think Gangfeng and Minerals Australia can also see the future and were not willing to stump up what would have been a reasonable price 6 months ago.
Any offer (if one is forthcoming) from another party will be at a significant discount.
Have been a long term holder and strong believer in Neometals and have topped up several times during the past 9 months only to see my original Cap Gain turn into a massive and unwelcomed paper loss.
What to do from here
NMT Price at posting:
25.5¢ Sentiment: None Disclosure: Held
