Who did the study? Show me the comparison... No independent study was completed.
There is no traditional roasting method for zinnwaldite.
The EMH PFS cost of production was higher than that of the scoping study (based on L-max) and the market responded accordingly.
AG is a good talker. The saying about selling ice to eskimos springs to mind, hence he is a valuable MD. That said, some of the claims and actions have caught the attention of ASIC and could bring this all undone.
I dont rate Sileach as it is yet to prove itself on spodumene and even after the study, no financials or economics were released. Instead an announcement to look overseas for a lithium hub, similar to LPDs plan, took its place. A little strange considering the touting LIT did about a pilbara lithium hub. Then there is the failed TO of a company it didnt need.
I can hear LITs next few announcements already. In no particular order they are:
-LIT give back LPD shares to duped shareholders
-LIT identify lithium grade X to Y in historical Tin international drilling
-LIT upgrade Agua Fria material to 0.3%Li
-LIT drill results find more 0.1% Li at Agua Fria
-LIT walk over/ channel sample Ravensthorpe and find lepidolite.
They do not fill me with excitement
LIT Price at posting:
8.3¢ Sentiment: None Disclosure: Not Held
