1) Can see why people were critical of Crow. He definitely is not the salesman that Steve was. Stumbled over words and just regurgitated the same story from the past few years.
2) You always have to ask questions about the info a company DOES NOT TELL you. Location. The company tells you how its in the lithium triangle blah blah, but note there is no scale on the map, and no location data to nearby towns etc. Why does the company not make these details clear?
It's over 9 hours to site from Salta
3) Not a single mention of
RISK. This is a company that has produced nothing. They have a board that has
ZEROexperience with lithium, and partnering with a company that also has
ZEROexperience with lithium production. There is not one mention of
RISK or strategies to minimize
RISK
4) They have not updated the market with specifics in years. ZERO details. Case in point, the slide of the "schematic" of the process. Stu literally says "This is the schematic of the process and how it works". What, this is it? So the entire revolutionary process that has taken 4 years is this schematic? It won't cut it anymore. The market will get sick and tired of a complete lack of information.
5) Information on slide is already out of date. The demo (nee pilot) plant still hasn't been commissioned and its almost August. At least get the data on the slides right.
6) Datasets do not align.
So LKE has stated that the pilot plant is 10tpa LCE. Lilac have stated the demo plant is 40tpa, yet here the company is saying 3-4months to produce 2.5t, which is 10tpa pro-rata. Does Lilac have the correct data, or does LKE have the correct data, or will the demo plant not be running at full capacity? Details matter
7) CO2 claims
Sorry, but their claims do not stack up. On this slide they state they are on par with evaporation, yet their PFS indicates 40% higher Energy use compared to AKE latest data on Sal de Vida
8) Timeline. Its already out of date.
still no DFS/ESIA, Demo plant not commisioned. No details around funding. Still no permits. No mention of FEED
(20min delay)