JCap targets Vulcan Energy, page-112

A lot of people here think that getting Li out of a geothermal brine Commercially is a done deal for VUL.

I am close to a private NZ company that has been working on this with the best in the world for years (they are close I believe).

Let me tell you, it is far from straight forward!

I look at the VUL share price and shake my head. It's not that they won't get there, it's the fact that the mkt cap is already north of $1.5bn. Crazy IMHO.

There is so much more to do for this company for it to justify such a valuation. This mgt team is clever. They have raised a huge sum of money which may enable them to get there, but it won't be any time soon.

I mean no disrespect to VUL shareholders. Good luck.

I don't hold VUL but remain a keen watcher because of my involvement in the NZ company mentioned.