Not sure if this will answer your questions but i quote this from a recent article
"We expect a jump in the share price from here, when a substantial proportion of its 2C resources get upgraded to 2P, and we are optimistic that they will given the energy content and flow rates reported.However, we see the value for shareholders only being fully realised when LCK is able to announce a formal partnership of some sort to commercialise the deposit. There is certainly plenty of interest at this early stage."
Good reserves upgrade and JV news will be an initial catalyst as LCK de-risk further which would bring the big boys into play. But once commercial production officially starts then you can approximately estimate the amount of revenue LCK will generate from their EOI statement and SP will increase accordingly. LCK can offer cheap syngas for fertiliser companies and gas , therefore the demands will be high so as long as supply meets demand then LCK would become a gas giant.
LCK Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
