For what its worth, everyone understands the need for Lithium,...

For what its worth, everyone understands the need for Lithium, the danger is, it may price itself out of the market and just gets too expensive. This allows alternatives to enter the market.

What they are, I don't know.
The EUR project has been around for nearly 20 years, the bottom line as far as I can tell it is a small deposit with narrow pegmatite veins with an average width of 1.2 metres (the mine plan in the PFS, looks like a bowl of spaghetti), not easy to mine.

If you think you can build a hydroxide plant for $500 million try closer to a $1 billion.

Tiangi in Kwinana have just completed there first 12 months of production and are ramping up to 24,000t per annum, with a second train planned.

The first year they produced 1200 tonnes. It has cost them over $1 billion and still going up. It has taken 7 years so far. (2 year gap when lithium prices collapsed).

I would like to see those numbers thrown into a DFS.

As far as management goes, I know of too many people that have been burnt by TS. He has never seen a project through to completion, and the closest is a small interest in a barely profitable iron ore play CUF.

Do I think there is upside in EUR? most definitely.

Do I think it will run to 20 cents and TS sell's out? definitely.

Will I invest? no, there is better upside elsewhere.

Cheers