I was impressed by the Chris Gale interview. Common sense and...

I was impressed by the Chris Gale interview. Common sense and realistic. He is correct that Lithium has huge potential and the demand will outstrip supply for a few years. I think the big demand will come from industrial storage batteries rather than motor vehicles. The LRS holdings in South America have a long history of commercial production so it is a reasonable bet that his projections are realistic. We have had a disappointing rocky ride with LRS but I believe it could well become a commercially successful Lithium producer within a year. If the JORC is ready by the end of 2017 and if it proves commercially viable then the market cap could realistically be $200 million. That translates to a share price of 10 cents. It is a gamble of course but I think it might be a good bet.