LPI has a high grade lithium resource. It does not require any special advanced technology to make it commercial. They need to do what other producers are doing (like ORE). It's similar to GLN in terms of grade and resource size but the project is more advanced. LPI owns 51% of the brine lithium project. The main issue is getting the project finance. However, this is the same issue faced by all lithium developers.
I think the share price has been weak mainly due to 1) One institution selling shares below the cap raise price. But that selling stopped recently. 2) Lack of news flow but that may change soon 3) The trend is not up and many people follow the trend
Today, looking at SYA, it's market cap is about 8 times the market cap of LPI and it doesn't make much sense
