Here's the rub they don't have to produce anything for people to make money. Lithium Nov 2022 trades at 597,500 yuan then Feb 2024 95,500 today it is 116,500. Where will it go? There's a good possibility that lithium will return to 200,100 yuan as it was in Sept 2023. If this happens all lithium stocks will rise.
As for LKE specifically I think they can produce high grade lithium but it might take a change in approach. In the next valley over PNN are confident that they can produce 5 ktpa powered completely with solar. LKE may have to alter the approach, smaller target, move the carbonation plan. The carbonation plan uses 33% of the power do they really need that sitting out in the wilderness or could they like Galan truck the lithium chloride to existing carbonation plants in Chile.
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Mkt cap ! $66.52M |
Open | High | Low | Value | Volume |
4.2¢ | 4.3¢ | 3.9¢ | $753.4K | 18.59M |
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4 | 731925 | 4.0¢ |
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Price($) | Vol. | No. |
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4.1¢ | 760271 | 12 |
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No. | Vol. | Price($) |
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3 | 719925 | 0.040 |
24 | 2445434 | 0.039 |
13 | 1894657 | 0.038 |
4 | 1330812 | 0.037 |
10 | 1425619 | 0.036 |
Price($) | Vol. | No. |
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0.041 | 511999 | 5 |
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0.045 | 268269 | 4 |
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