Hi, just an observation.. Apologies if already covered.
As the price of Lithium falls, over time it would be expected that the most efficient/cost effective producers will survive/flourish.
Lilac is also working with a Nevada company Cypress using their processes to extract lithium from clays (as opposed to brine), and it sounds like it is proceeding well.
http://www.lilacsolutions.com/news/cypress-development-and-lilac-solutions-demonstrate-high-lithium-recoveries-from-clayton-valley-project-in-nevada
Roughly comparing the estimates for cost of production, even if we aren't quite comparing apples to apples (eg maybe one cost includes transportation and the other doesn't etc), Lake comes out quite favorably against the Lilac Lithium clays project.
Lakes cost is USD$2600 -vs- USD$4800 for them, quite a difference.
https://www.asx.com.au/asxpdf/20190718/pdf/446q83nttg2x50.pdf
https://www.cypressdevelopmentcorp.com/projects/nevada/glory-lithium-project-nevada/
Fingers crossed for the longterm. DYOR etc
Cheers, Far
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