Im not a holder of LIT but i am a invester. One of the main problems with brine is the processing side of things. Most or all of the brine processing technology is patent protected this is were things get tricky for any asx junior.
The world is awash with listed stocks with fantastic deposits with high grade ppm. The problem is the processing side of things. Energi corp may or may not have this solved there still in a trial phase and spent 10s of millions trying to get there.
There may be a sensible solution for all coming up. So land assets will be key in the future and axcess to resourses.
Now all the hard rock deposots are mined and the ore is sent to china for processing i believe this may be the case for brine coming up in the near future. Let ur brine evaporate for 9 months then send ur concertrated brine to china for processing.
Whots missing and needed in chile and Argentina is a giga factory designed for processing brine that would save massive transport costs.
I love the future of lithium and the clean technology it brings but on a industrial level lithium is still evolving and still in its infancy.
LIT Price at posting:
10.0¢ Sentiment: Hold Disclosure: Not Held
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