They are excited because they are "testing a large composite sample", for a meagre 2 million dollars.
That's much better value then spending that amount on sample drilling. POSCO Test the sample, decide the best flow sheet, then make a takeover offer before disclosing the results. You wouldn't want to disclose results to competitors to keep the JRL price down and prevent a bidding war.
If no offer eventuates after testing..... Suspect additional costs to produce quality lithium grades might hinder the overall development costs and profitability.
Wild conjecture based on zero facts!
Ann: MOU Executed with POSCO Holdings, page-33
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