The announcement on the 21/11/22 indicated that 20,000L @ 1900-3800mg/L produced 15% of total demonstration plant forecast. The 15% of forecast implies that 0.15*2500 = 375kg LCE was produced.
The concentration is lithium, not LiCl. 20,000L*1900-3800mg/L = 38-76kg lithium which equates to 254-508kg LCE. Midpoint is 380kg LCE. So numbers checkout out.
This announcement states 40,000L. Assuming it is the same concentration, it equates to 760kg LCE. Which indicates they are still a long way from the 2500kG LCE.
Looks to me like they changed the "agreement". But of course, that is all hidden from the market.
When it looks like S$#% and smells like S$#%, it usually is ......
Ann: Lake and Lilac Announce Achievement of Milestones at Kachi, page-114
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