WR1 General Discussion, page-15672

Former geologist and experienced stockbroker Guy Le Page is director and responsible executive at Perth-based financial services provider RM Corporate Finance.

We can describe lithium like most mining ventures, and something that the Romans (and their predecessors) were well aware of and that is net revenue per tonne of ore.
Put more simply, revenue per tonne of rock mined, less costs.

While the concept is a simple one, I think it is lost on many investors and with a paucity of resource analysts to unpack company announcements it may be time for investors to start doing a little digging themselves before making the plunge.
As you can see there are many variables to look out for, however companies are generally only releasing a fraction of the information required to make an informed decision.

Not surprisingly, Scogings is an advocate for more detailed reporting of mineral resources in the lithium space that will hopefully give investors a greater insight as to the real economic potential of spodumene resources.

Meanwhile, don’t be afraid to get on the blower and ask mining executives about some of the finer points raised above.

Unfortunately, there is no “ready reckoner” when it comes to pegmatite hosted lithium deposits so a little investigation may give you some insight as to whether the headline resource numbers are actually supported by other important technical data.