Sudbury, Canada will firstly takeoff based on upcoming dfs...

Sudbury, Canada will firstly takeoff based on upcoming dfs showing the cost effectiveness of shipping mica, availability of sulfuric acid and proximity to US market for byproducts. We will learn about these more shortly within 3 months as our feed sources are confirmed. Also LPD has produced premium quality of lithium from various sources including SR, Alvarroes, PIO, and Mt Cattlin. That these identified viable sources of feedstocks are from various regions will provide much options when it comes to optimum location of plants that LPD can build. The primary consideration for location has been the sustained availability of sulfuric acid. If this is available in Townsville, it will probably not make much a difference whether the second plant will be in Japan or Queensland, but the study will include market for by products, which will obviously be Asia-Pacific. A possible JV with Mitsubishi would be Japan, and a JV with Gxy can be built in QLD. ——if ever, still years away, we’ll probably be taken over by then for a couple of billion or so. So I’d refocus on the first plant in Sudbury. The next plants will likely be much easier and faster to build when say 5 or 10 years production from Sudbury would have been committed. It seems committing multi year production is very much in fashion. That LPD can build not just one plant gives the company more cards to play in the years to come. Just forget LIt, they’re a nonevent, they have the significance of a fly on the run as far as Lmax is concerned.