Difference between LPD and DLI is we are integrated an extra...

Difference between LPD and DLI is we are integrated an extra step in the supply chain, the difference in value between lepidolite concentrate and lithium chemical is large. The competitive advantage of LPD is the L/LOH Max processes being able to produce a ridiculously high grade hydroxide from lepdiloite concentrate which is relatively lower lithium content than spodumene. the conventional shipping of lepidolite to offtake as you said is obsolete.

Firstly, the environmental credentials of LMAX LOH Max is an important part of attracting customers. We have seen time over how Euro and US carmakers are demanding improved quality of the supply chain. The potential zero-waste process of Lepdico, leaching at atmospheric temperatures is class leading.

Secondly the DFS has shown the OPEX and CAPEX advantages of LMAX process, benefiting shareholders completely. The premium chemical hydroxide product, as well as the critical low supply minerals of cesium and rubidium is another reason for why I see the potential growth of the company being worth the current risk.