Macro economic environment is pretty soft. Check out peers' OT process such as Neo lithium and Galaxy (SDV) it is not easy at the moment. Meanwhile one of companies in China started to produce BG carbonate yesterday (99.6%) from Qinghai brine although the consistency of quality is a question but obviously there is more competition. All in all it is a long term risky investment.
LPI's true valuation, page-32
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