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LKE

11.4%

7.8¢ lake resources n.l.

LKE towards TOP-5, page-3470

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barneyco

351 Posts.

75

24/03/22

18:31

Post #: 60405486
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Originally posted by gwood888: ↑

I've been up all night trying to look at the fine details to see why everyone is suddenly so excited about LKE...still have a sizable 10% of my original holding.
"The demonstration plant will operate for around 3 to 4 months to produce lithium chloride (eluate)
representing 2.5 tonnes of lithium carbonate. This will be converted into high purity battery quality lithium
carbonate for potential offtakers and battery qualification later in the year. The demonstration plant operations
on site will also inform final engineering design prior to construction of the commercial-scale project."
This is the main statement that had me both excited and concerned at the same time. Excited at the prospect that a commercial scale project is near and potential offtake announcements later in the year when Lilac's demo plant can show what it is purported to do. Concerned because of the use of the word lithium chloride and then saying it will be converted to lithium carbonate...so what is this plant producing?...do you need another plant to convert it to lithium carbonate or send it somewhere else? Then it says 3-4 months to produce lithium chloride representing 2.5 tonnes of lithium carbonate (confusing)...that's not much for a quarter of the year...now scale that up to a commercial plant aiming to produce 50,000 tonnes...WTF, pardon the language (it's late!) but that's 20,000x the demo plant...how long is this commercial plant going to take to build?
Naturally I'm really scratching my head around this stock!

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Albemarle Corporation sold 87000 tons LCE FY21. Albemarle Corporation market cap 24.384B USD.
Lake Resources 100000 tons LCE. Lake Resources market cap 28B USD.
If you don't buy Managements story, don't own Lake Resources.

LKE Price at posting: $1.79 Sentiment: Buy Disclosure: Held
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