LPD 20.0% 0.2¢ lepidico ltd

Hey Maxi, hope its not too cold over there. Things are just...

  1. 334 Posts.
    Hey Maxi, hope its not too cold over there. Things are just heating up over here.

    Might? Certainly is. The PIO deal is a great achievement for LPD. A few holes and this will go a long way to proving up a great WA lithium resource with caesium credits. The LIT shenanigans has no impact on this, especially given that the mediocre T/O bid is a self proclaimed farce. LIT have until 2019 to build an Lmax plant. If they dont, they have no exclusivity. Given they reckon Sileach is the ducks nuts (apparently 60-70% recovery is very good) and havent drilled a hole or conducted a study, they will not fulfil their obligation to retain exclusive use in WA. In steps LPD and PIO.
 
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