LKE 2.99% 6.5¢ lake resources n.l.

Thanks for the satellite images. 100000tpa would be more than 5...

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    Thanks for the satellite images.
    100000tpa would be more than 5 times Orocobre's current production. So perhaps a little too enthusiastic. A production target of 20ktpa LCE within 5 years is quite achievable.
    Kachi has a JORC resource of 4.5mt LCE @300ppm within an exploration target of 8-17mt LCE. The tenements effectively cover the entire Salar. To put that in perspective 2025 global demand for lithium is anticipated to be 1mt LCE.
    With Lilac direct extraction it could be a game changer. It could also be the answer to sustainability questions people raise about brine evaporation.
    I think many have underestimated what an excellent job Steve did pegging tenements just prior to the big rush.
    While the pilot plant is constructed LKE is doing a great job of adding value to its other tenements with the added benefit of a stream of positive news to keep investors happy.
    Easy to understand how the latest CR from Sophisticated Investors was obtained at a premium with a higher than anticipated volume taken up.
    GLTAH.

 
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