I agree with all of you. I think though, that at this point, the general market is not rewarding "potential" LIT recycling numbers and specially cash generation from the recycling business has been slow to improve. This is partly due to the slump in Li prices. They are trying to improve this but I do not think it will be a quick process. If they can reach cash flow positive operations then at a minimum we can hope they remain viable until both volumes and prices improve AND hopefully the big success lies in the LieNa process royalties. Realistically, from prior experience in these small companies, I expect that cash from the MIN Resources JV is about 2 years away. I am very hopeful but have learned not to go too hard too soon.
LIT Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
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