LKE 4.65% 4.1¢ lake resources n.l.

Ann: JORC Update, page-162

  1. sqe
    6,939 Posts.
    lightbulb Created with Sketch. 3626
    So it turns out @Mozza01 is right, and I am right.

    So Mozza highlighted on twitter, that if you calculate the average grade for Indicated by dividing total lithium grams by total volume, you get 229mg/L. He is correct.

    However, if you calculate average grade as a sum of parts, as I had done, you get 216mg/L. So who is correct, and why the discrepancy?

    Well, it turns out LKE have made an error in their JORC table. The highlighted segment contains an error. Either the mg/L figure is incorrect, or the Li grams figure is incorrect.

    Either way, LKE fubarred the table, and both Mozza and myself are correct!

    https://hotcopper.com.au/data/attachments/5766/5766693-f43de68e8a2ada9a08963012f63407b9.jpg
 
watchlist Created with Sketch. Add LKE (ASX) to my watchlist
(20min delay)
Last
4.1¢
Change
-0.002(4.65%)
Mkt cap ! $68.18M
Open High Low Value Volume
4.3¢ 4.4¢ 4.1¢ $227.7K 5.423M

Buyers (Bids)

No. Vol. Price($)
9 1119901 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.2¢ 30000 2
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
LKE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.