Let's put things into perspective...here is a direct copy from...

Let's put things into perspective...here is a direct copy from the CXO quarterly report from a few days ago

• A shipment of 15,000dmt of DSO, with an average grade of
  1.4% Li2O sold for US$951/dmtvia a tender using a digital
  exchange platform.

Using the back of an envelope, if we simply put a lowball esimate on the value of say 1mil tonnes of DSO at say USD500(AUD700)per tonne given lower grade etc and a cost of mining and transport of say AUD250 per tonne, then we get AUD450m of net cash flow (LET'S SAY THAT AGAIN - $450M!!!!!!)....for only 1 million tonnes of our resource.

What is our current market capitalisation? Around $150m. Come on(?), to allow our company to be taken over at these prices would be crazy! I've been buying and will not be selling anywhere near current market valuation. TLEA knows the value, and surely so does MIN and various other potential suitors. Hold tight and consider buying if you can see the value that I can see.

regards
DF