The SP would be a lot higher if management focused on IP like Sileach, LieNa, and batteries and recycling, and left the mining and resources bits to others who can pay licence fees etc IMO. If/when the IP is proven, then there is channel conflict ATM, as LIT wants to be a producer, potentially competing with a licensee of the tech.
I believe the IP is very valuable. The tenements are a boat anchor.
Recently it looked like LIT squandered precious capital on Youanmi, as an example.
If/when the IP is good enough, hopefully somebody into mining or min proc will take the tenements off LIT's hands and provide some cash, and a project that will provide up fronts, milestones and royalties. I hope they do not try to do it by themselves personally, and focus on managing and improving the IP.
There is a lot of value in the business in my opinion. Only $24m for what they have is a pittance. But the market is factoring in many more cap raises and lack of focus IMO. If they change their strategy and focus the SP should zing IMO.
LIT Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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