Looks to be the case Moppo,
I did notice that the receipt of the deposit required a pay up or else notice before they paid up. The Chinese are very astute and often draw out any payments till the last moment before coming good. Which makes sense, money over time.
I made my entry today and am happy to be on board, looking to hold LT. I feel for the loyal holders that have hung in there thus far. But I can see big things ahead.
Why did I buy in today? Not because of the gold money (although that is a big bonus), I'm in VKA for the Lepidolite!
It's not a loved up mineral at this point, but I applaud your/our management for seeing what is around the corner.
The JV with LPD, accessing their LMax technology, looks to be the goods IMO. While the market loves Lithium bearing brine and Spodumene right now. Perceptions regarding Lepidolite could change rapidly. Two things have gone against Lepidolite (and other Li Micas) historically.
1. A big stand alone Lepidolite deposit is rarer to find then as with Spodumene.
2. An economical means of processing has not been available and probably not really explored as Spodumene and brine has filled the bill thus far.
LMax looks like the game changer. Recent testing has shown a final recovery rate of just on 90% and delivering an end high spec battery grade Lithium Carbonate of 99.88% purity at a crazy low operating cost. Lithium this good is in high demand and fetches big money.
Lepidolite can hold higher percentages of Lithium than Spodumene can, so if this historical tin mining site in Thailand is as good as it looks on paper. We could be re rating massively.
LMax also delivers attractive by products such as tin and tungsten and potassium for inclusion in fertilisers.
I recommend you all do a bit of research into what we may be sitting on right here. The sky is the limit.
VKA Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
