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4.88%

4.3¢ lake resources n.l.

Ann: Quarterly Activities Report and Appendix 5B, page-6

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brunk

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01/11/18

13:46

Post #: 36351855
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Originally posted by pos1963: ↑

I I see the hand of our Chairman in the funding. A good flexible arrangement with 35 mouths to feed and an expanding drilling programme.

The resource estimate and timing of it's release probably depends in large part on the operating cost and how sound Lilac's expectation is in ramping up to commercial operation.

" Lilac is now estimating operating costs for commercial lithium production at Kachi for direct production of lithium carbonate or lithium chloride. Given initial results, Lilac expects a globally-competitive cost of production".

A lot on the line for them, they must get it right

They will have the benefit of the work for Anson that seems to have been running parallel with LKE. Different brine characteristics but same basic process which is described in this article
Search : "Paradox Lithium Project: Fast Tracking to Production - HotCopper"

darchand, Note that the Fundamental Research Fair Value of $0.44 was dated August 15 with no reference to the Lilac process.and may therefore be conservative

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that 44 cents valuation is just 'pick a number', and how much cash we have in the bank is irrelevant. if the jorc resource estimate comes in in the millions of tonnes the sp could go anywhere.

LKE Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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