Does he really think the Market would be that dumb as to price into the valuation an asset which he says doesn't exist......And I wish he would stop stating that NAL has a strip ratio of 7:1 because that is simply NOT true as previously shown :-
" The mining reserves calculated in the present Pre-Feasibility Study, include an allowance of 11% for mining dilution and 8% for mining loss and total 15.5 Mt with an average grade of 1.05 %Li2O using a cut-off grade of 1.15%Li2O. The total waste contained in the pit design is 66.09 Mt including 1.26 Mt of inferred material, resulting in a stripping ratio of 4.26 tonne of waste per tonne of ore. "
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