Once LKE proves that there is lithium in their tennaments and that it is there in mineable quantities they will become a billion dollar company. It will not happen over night but they will be able to pre-sell the lithium to set up the mining production facilities and with the brines the time to market and the quality of the lithium can make them more attractive and profitable than hard rock Aussie produces.
Their neighbor took years to figure out how to drill in the tough conditions and the dry salt lakes present. It is going to be similar for LKE. If/when they hit pay brine the ball will start rolling quickly on fast tracking more drilling and shoring up their reserves with an eye to either selling the tennaments or (hopefully) mining it themselves in the longer term. When I say longer term I only mean 2-4 years as the funding, which is a major hurdle for any junior explorer, will not be hard to secure. Lithium is in demand and it will only get bigger!
LKE Price at posting:
11.0¢ Sentiment: Buy Disclosure: Not Held
