Lilac, LKE and the greater Lithium industry, page-26

Hi "gassed' agree and probably something beyond $0.20 to allay fears of the new share buyers that they will be diluted by their own new shares when listed.

The comprehensive 25 page valuation analysis completed by Hunter Capital Advisors in March 2018 suggested a target share price of $0.55 by the end of November 2018

That was adjusted  to $0.44 by Lake as at August 2018 and published in the project status update dated November 13.

Presumably the adjustment to $0.44 was to take into consideration dilution up to and including the upcoming options 

12 days to the end of the month with three imminent announcements and always the wildcard of a strategic partner in the offing