Ann: Paynes Find Gold Limited Acquires Lithium Project,PNE-DLC.AX, page-8

There is a reason why this Austrian project has never been a winner - the economics aren't favourable, not even at the current prices.

Underground mining in the Austrian Alps, legislated by Austrian / European laws regarding environment / labour / security is a highly costly undertaking. AJM sells 6% + LI2O to the Chinese at a minimum percentage. No wonder the sp of DCL and CFE crashed back. But as always, people read Lithium and bought like crazy before switching on their brain.

No European company would try to list on the ASX if there was any chance of getting money from Europe. Think about that.