Ann: Dome North lithium met test work update, page-5

At a glance, the grades are lower than some other miners I have invested in (6.3% Li2O concentrate with AVZ for example). That is not necessarily bad, but makes it harder to turn a profit than other miners such as Greenbushes, or the Pilgangoora projects Altura and PLS have. Galaxy have lower grades but are cashed up.

Recoveries are much lower, with PLS having the best recoveries I have seen - their latest announced recoveries being at 74.6%.

This does not say that this project is a wash out, but would need more work done, additional cost to improve recoveries (it is cheaper to get this aorted from the planning stages rather than adjusting an active operation) and a steady hand from managemwnt not getting into any debt performing this process.

I say this, because we are going through a dilution at the moment de-risking which will hurt shareholders short term because too much debt was taken on when times were better and the market turned as another poater has noted.