Agree, its highly spec as are almost all the explorers. I am under no illusions about that.
What have they got:
Patented process that reduces cost of processing - large scale pilot plant being constructed aiming to show commercial worth of process,
Possible deals with other miners to use that process if commercially proven on a large scale,
Patented VSPC process to produce materials for the cathode. The cathode is the most expensive part of the battery. This also enables LIT to participate in all areas of the energy chain,
Inferred resource in Germany. Inferred is a long, long way off done and dusted. Plenty more work needs to be done before an upgrade. In fact it may disappoint.
Plenty of interests in exploration,
Huge demand for Lithium projected.
A very commercially driven CEO. Always putting the business 'out there' at every opportunity.
Its highly spec with a few good things going for it and I have some fun money in. If it comes off great. If not then 'so what' maybe one of the other specs will come up.
LIT Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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