Looks like the crew have it well covered as usual.
I'm a bit like you, had an interest in the tech until things got all a bit messy with the LIT issue for my liking.
Oddly enough it was @maxi1981 & old faithful @Thesi discussing over at GXY last year a spodumene deposit that Lepidico have in Canada that re piqued my interest given spodumene being in stark contrast to LMax technology.
You have a good handle on spod, have a look at this little ace up our sleeve.
I asked a few questions to the long termers (as you've done now), made a couple of phone calls to the head of exploration, a couple of emails to the big boss and never looked back once it became obvious LIT were slowly exiting their position. Galaxy entering the fray soon after was the icing on the cake.
I think with number 2) as soon as the market can see a product being "sold", mathematics will take over - that will be the proof.
Number 3) hard to say, but the gist of the strategic alliance with Galaxy was -
Anthony Tse, Managing Director and Chief Executive Officer of Galaxy, commented: "We are pleased to support Lepidico as it looks to expedite the commercialisation of its LMax® technology, both financially as well as offering the benefit of our technical capabilities, industry contacts and market expertise. Our alliance with Lepidico will provide us with the capability to also potentially evaluate significant mica feedstocks in future. L-Max® is an exciting technology and we look forward leveraging it to unlock value, to capitalize on the ongoing growth opportunities in the lithium sector.”
If I was to take a punt I'd say it's been tested already ... that and nearly $100k of income popped up in the last financials from somewhere. You know better than anyone how GXY roll
4) I'm not sure. One thing I am sure about, we're going to have that much feed supply as it is that it's not even funny. The company has hinted on occasions @ multiple Phase 2 plants already, and our research shows the reality of it, with or without a RIO etc.
Your timing is good Cadel, great price and I know how patient you are.
You'll enjoy all the new research you will be doing, there's plenty to get your head around.
Phase 1 is piss in the wind, hold out to 2022 when the show begins. I'll still be here, be good if you were too.
Happy researching.
LPD Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
(20min delay)