re valuation for this stock, page-27

Hi gassed,

Yes, big numbers and a big opportunity yet to be confirmed and defined. I agree with your statement about the fact that we must wait for the JORC to have any real idea about the size of the opportunity.

Your method of calculating the possible size of the resource is flawed though. You have essentially calculated the volume by multiplying the area of the land by the drilling depth. This assumes that the whole depth over the area is Li carrying brine at X concentration. This is clearly not the case. The reality is that there are “veins” of brine carrying sediments through the depth - pockets here, full on veins, there - but certainly not 300mg/L over the whole volume. The volume of the areas of Li carrying brine will be considerably less than that implied in your calculations.

I’m not writing this to “pop your balloon” or tear down your enthusiasm - certainly not. I think we are sitting on a sizeable opportunity here and the potential for significant SP improvement is real. The reason I’m responding is to encourage holders to be realistic in terms of the expectation. At the moment we can’t get carried away with speculating huge numbers (like $38Bn) and have other holders set their expectations around that. Of course all holders need to DYOR. I’m sure that most would be more than happy at $1Bn!

We just need to go through the process of defining what we have and things will hopefully flow on from there.

I’m sitting tight to wait and see what this really holds for us.....and have taken what I see as a couple of opportunities to top up along the way.

GLTAH