Whether you get technical or battery grade, there's still a lot...

Whether you get technical or battery grade, there's still a lot of work and finance involved, and without in-house processing technology, there's another slice off the pie. Services would only make it a more attractive purchase and, hey, LAC are already there so why not get a quick and easy deal with them?

Those tenements would take LEL years and debt/dilution to get to production. Concentrating on a simple mining process in Australia (and further exploration?), for an essential mineral that is also in short supply and has been short of attention, would make a company.

As a shareholder, I'm looking for the next wave, which imo is graphite and probably a year or two off depending on macros. I picked the overlooked, undervalued lithium play which flew under the radar until all the "big boys" fell back to Earth, and is now among the first brine plays actually making it, not just talking it up. I think LEL will do the same.