LCK Price, page-379

I know we've had some good appreciation in the share price over the past couple of weeks but I still can't help feeling that the market is asleep on this one.

I don't think a lot of people appreciate how quickly the SP could/should climb once the reserves are confirmed/announced. I've still got Phil Staveley's comment (MD of LCK) from the last ann stuck in my head:-

"Weare looking forward to announcing to the market the upgrade of a significant portion of our resource to areserve, as we unlock a significant energy resource in Australia.”

We have a 2C resource of 2,964 PJ - what is a "a significant portion" ??; even if it's only 10%, and it sounds like it'll be more, that gives us app. 300PJ converted to reserves. Based on Margintrader's calcs (his last post), that would give us a value of $600M which equates to around $1.20

Not sure how long it would take our SP to get there but that's what we're looking at here (and we've still got 90% of our 2C resource not converted yet). Am I missing something here, am I getting excited for no reason?? Correct me if I've misread this...