You are correct if ponds are getting 68% efficiency then my argument falls over. Numerous articles I have read give the industry average as 40% or less. Pond efficiency is a variable largely related to the level of other salts in the brine. This is something that the pond operators can't control. What I'm getting at is not LKE/Lilac specific. What I'm saying is that some company will develop a process whereby recovery rates are well above 80%. But hey if the industry average is 68% but is it?
LKE Price at posting:
60.5¢ Sentiment: None Disclosure: Not Held
