Ann: Letter to Shareholders, page-19

We know there is lithium at LJ but they couldnt get it high enough yield or didnt find the mother lode so they could have retested this since the 2016 discovery there but didnt.

Meantime lithium went up 10 x in price.
Yet they still sat on it

PH was even considering flipping LJ for peanuts to BMM or AFAF, NUTS.
He called a review of LJ to flip it for cash despite that its a potential $4B value and similar to Nova mine and mill size. This decision to retain it turned BMM AFAF into aggressive cappers and sellers of stock and they turned on him but it was the right thing to do for the LTHs here.

For that PH ought to be applauded but the result was BMM AFAF capped and sold this down to peanuts where we are now.
BMM AFAF might still be planning on trying to take LJ off POS for peanuts as this was their plan for a while now and with PH sidelined and not CEO anymore they might try to pull this wool over CJ and try again.

Once again the problem is not the mills and mines but the management and our terrible top 3 backstabbers who cap, churn and selldown our stock to where we are now. Yet cant see much panic and so their tactic has only destroyed their own wealth & value looks like & enticed many other holders into the stock at these 30 year low prices and will certainly inspire a new top 1 holder sooner or later to take a stake and stuff up these prior top 3 backstabbers.

LJ is the jewel in the crown remember. And it has Li also and CJ has realised this.