The price chart of LKE is similar to many lithium stocks all near 12 month lows. With such a low market cap LKE share price could go up in multiples on good news. Lilac process has so many advantages over Brine evaporation one cannot see how it doesn't take market share from high cost environment destroying companies. Plus we have a major cost advantage over Hard rock miners.
http://www.lilacsolutions.com/news/lake-resources-lilac-solutions-press-release-may2019
Phase 1 Engineering Study showed potential for production costs to be in the lowest quartile of global lithium production costs; high lithium concentrations of 30,000 mg/L produced after 3 hours of processing from ~300 mg/L brines, with recoveries of 85-90% confirmed from multiple samples.
The next big thing, page-39
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Last
3.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.72M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.6¢ | 3.4¢ | $53.31K | 1.530M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1872768 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 22303 | 2 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| LKE (ASX) Chart |