With this news and the 75% expansion on the table, LLL is now well on the way to becoming the next world class lithium asset on the ASX (IMO).
Drilling will need to prove up the exploration target of course but
assuming
a) they find enough spodumene say another ??Mt (currently 100Mt?)
b) if they can get plant to 4Mtpa
that's producing some solid returns you'd think.
Have a look at the MC (market cap) of the others Lithium Co's on the ASX and factor in FFX also has a pretty good gold mine being spun up as well....
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- Ann: Goulamina - Progressing a World Class Lithium Project
Ann: Goulamina - Progressing a World Class Lithium Project, page-30
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