Youmanni is potentially a very profitable situation. We could be producing both Lithium and Vanadium. Vanadium is a bit more complex than most. Vanadium is in the Magnitite. The more Magnitite in the deposit the better. The rest is waste. Could easily be 60% to 70% plus waste and be profitable. The quoted grade in the Ann does not tell us the final grade. We will not know until the Magnatite sample is processed. Off to a good start though. The costs of producing depend on the costs of extraction processes. The process of roasting according to LIT is already eliminated. Off to a good start. A couple of producers in Australia have developed their own patented process systems. No doubt LIT could modify their existing to fit. Still a way to go but off to a good start and we will know more soon. Could well be producing both Lithium and Vanadium from the same location. Sounds very cost effective doesn't it. Not to mention very profitable!! An earlier ann describes Vanadium as not core to LIT business. A JV or partnership will likely be sought to help develop the Vanadium. See easy to understand Vanadium link below. https://**promotion blocked**.com.au/investors-guide-understanding-vanadium-deposits/
LIT Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
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