That announcement, like all the others, avoids 2 key points that determine the viability of the project and the company:
1) the lithium grade achievable from the feedstock and the plant
2) the quantity and quality of the lithium carbonate on the tenements
The first point should be very easy to determine and does not require a pilot plant. It only requires a sample and a lab to do the work. The second point requires drilling and sampling, but in point 6 of the announcement they say they have not even commenced the JORC and cant put a time line on it? Why would you even consider construction of an industrial scale plant and setting production targets without even knowing what is there? Or is it that they do know what is there and don't want to say?
AGY Price at posting:
24.5¢ Sentiment: None Disclosure: Not Held
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