Instead of meat and potatoes I offer numbers. Q2 SWC basket price I calculate will be about $669/oz. That is $55 higher than Q1 and about 7.7M more in revenue (assuming 140K production). That will be still be a small loss or about 2.2 M or about -.02.share. This might vary slightly with continued cost reductions but I think the low hanging cost reduction fruit has been picked. Recycling is always the wild card. SO how ill the comparisons look:
I took the spike as an opportunity to sell my entire remaining position in the mid 3.30s. Might consider re-entering 2.70-2.80. Just got that funny mining feeling ... things always go slower than expected.
Drill results have little meaning right now. So what if "reserves" double? How about a announcement about processing plant plans, cost to build and schedule. Brine in the ground is not once ounce of Li delivered to anyone. And plant yield and cost to produce Li are a total guess.And several major financings are needed. You guys are 3 years premature in your hopes. Relax, be patient.