My feeling is there is a pump and dump group involved piggy backing on Steve's previous success who likes to describe everything as great.
Adding in that lepidolite is generally lower grade compared to spodumene and is economic when closer to the large industrial hubs with short transportation and the right inputs. It works in China, South East Asia and Abu Dhabi where there are companies currently working with lepidolite which is often cheaper to create lithium chemical than from spodumene. Australia needs the higher grade spodumene to make it economic to crush, roast and ship it thousands of km.
It looks like the economics of this project may be doomed from the start.
QXR Price at posting:
6.5¢ Sentiment: None Disclosure: Not Held
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