I couldn't agree more with yourself or AL in the main. The company has consistently failed in meeting their self determined timeframes, and the message of its future direction is as equally misdefined.
The point that I was trying to convey; was that at this stage, even explicitly stating now what the mix of manufacture of products would be, we would still be unable to provide a valuation.
Whilst we could take the 2C reserves, until the recovery of these reserves are determined, a valuation is not possible.
Once the process is suitably defined and results verified with a degree of certainty, then players with a clear understanding of how to use the syngas produced will take far more notice of the company.
LCK Price at posting:
16.5¢ Sentiment: None Disclosure: Held
(20min delay)