Not true, they have been in haggle/dispute with Logitag since...

Not true, they have been in haggle/dispute with Logitag since the road show a couple of months ago and would have looked for alternatives immediately the alarm bells rang on what the Logitag owners valued their company on and the incorrect revenue figures bandied about at the presentations.

I think they have thought this all through very well and the project they have found is an :
"undiluted drill indicated mineral resource" of 3,968,000 tonnes with a weighted average value grade @ 1.29% LiO2

further ;

Ainsworth suggests a total drill indicated and possible total resource calculation of 4,305,000 tonnes @ 1.3% LiO2 for the deposit (not in accordance with JORC Code), open to depth and along strike (Dufresne, 2009). These estimates are historical estimates and are not reported in accordance with the JORC Code. A competent person has not done sufficient work to classify the historical estimates as mineral resources and/or reserves in accordance with the JORC Code. It is uncertain that following evaluation and/or further exploration work that the historical estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC Code.

Double figures here we come!!!

Well done management and well done to all who held their nerve!!

Ant