Ann: Investor Presentation March 2016, page-11

Juk. I am not saying LIT will never get it to work. They might.
However, it is still a long way off, Prove the process can work in a lab is one thing. Then they have to build and run a pilot plant. That costs money and no guarantee it will achieve the commercial success they claim. Not having a working solution now is the reason why it would be pointless drilling for a mica resource now. Forget about it until they have a proven process in a commercial scale.

Then if they do ever get it to work commercially what does LTR do? Ship mica to Australia
LIT will have enough mica to last them ages right on their doorstep. What I actually guess would happen is the Chinese would steal their patent process and do it in China. Then there may be an opening for LTR because it would be cheaper and easier from Africa. Who is going to be able to say where the lithium came from in a sealed battery.

The whole process and the problems with enforcing a patent keep me well away from anything to do with LIT.

In the meantime they are claiming to have Spodumene and that is worth money now so that is where funds should be used, not on mica which is totally dependent on commercial reality way in the future. Just my opinion. If people want to invest in mica it's their choice.