In 2020 lithium carbonate/hydroxide prices collapsed by more than twice compared to 2018 to the levels below USD 8000. Times on the lithium market were not always rosy. So I completely understand, why implementation of the Wolfsberg project slowed that period. But now lithium hydroxide price is USD 78000 and lithium shortage seems to be long term. So the company has the full motivation to complete DFS as soon as possible. Especially taking into account performance shares of the management to be expired on 31.12.2022. And issue of performance shares is subject to release of DFS and MCap exceeding A$ 250m.
EUROPEAN LITHIUM LIMITED, page-2005
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