Ok that makes more sense, but that's not what was quoted in the interview. And not what the MD agreed with "100%, 100%, And I'm glad you picked that up Tony" - like he wasn't told to bring that up- LOL. Whole thing reads like a Dodgy Brothers salesman routine tbh.
The exuberance of LTHs keeping this at very high value, before the realities of raising further capital then the actual difficult task of mining lithium underground kick in. See CXO's SP the last year for example of what could well be the path for the SP here.
Not that both can't be successful longer term, but from a capital allocation pov I'd be looking at the CXO experience for sure.
Ann: Liontown moves forward with DSO opportunity, page-139
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