Yes grade is important, but comparative grade is immaterial. The fact that Cinovec is low grade relative to spodumene deposits doesn't matter because direct comparison of the two isn't possible. It's like trying to compare a steelmaker that mines taconite as ore feed to FMG. One mines low grade ore and processes it into high value products, the other mines high grade ore and sells it to a downstream processor.
Comparing EMH to Li brine developers actually makes more sense because they're downstream processors. But Li brine to Li salt is commercially proven whereas zinnwaldite to Li salt is not.
EMH is a high risk - high reward play. Spodumene develepors are lower risk (depending on location). Our sp reflects that.
$4.00 Santa Rally, page-169
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