Correct,
RLC’s value is heavily dependant on if it (a) finds lithium and (b) has low impurities.
The ppm value is easy to make sense of for your average retail investor “High grade = share price up!” but all we need is an economical level. High ppm with High impurities is unlikely to reach a production stage.
The number 1 thing everyone should be worried about is the ratio of lithium to magnesium, as that is the mostly costly to remove.
Some holders are going about this with the wrong mindset. Who knows, 100ppm of lithium might be all we need.
To help answer your question sulphur25, I believe that brine will be sent to a number of direct extraction labs for analysis, hopefully coming back with an economical report of sorts. I know that each direct x technique varys depending on impurities.
There are many direct extraction companies looking forward to partnering with companies such as RLC.
Cheers
RLC Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
(20min delay)
