A VERY promising announcement imo . Here's why :...

A VERY promising announcement imo . Here's why :
http://www.marketoracle.co.uk/Article61965
We’re facing an imminent crisis in global lithium markets. Demand is growing exponentially, and lithium consumers are facing a 100,000-ton shortfall by 2025.
Traditional lithium brine projects take too long to put into production. At up to 48 months, they won’t be able to close the supply gap on their own.
The industry is turning to high grade, hard rock lithium pegmatite deposits.
We’re Nearing A Major Crisis Point In Lithium
Lithium is in the midst of an unprecedented boom. Since 2015, the price per ton has soared from $6,500 to over $20,000, and demand shows no signs of stopping.
Global lithium supply is concentrated in relatively few locations. Lithium brine deposits in Argentina and Chile represent nearly 60 percent of global production.
These deposits are time consuming to put into production.
It can take 12-24 months to set up a facility. Then it takes another 12-24 months for the evaporative extraction process to produce usable lithium.
It may literally be impossible to scale up production in time.
Many Pegmatites are known to have much higher lithium concentrations than brines.
Unlike brine, high-grade lithium pegmatite can be processed into a higher quality battery-grade lithium hydroxide, where consumers like Tesla (NASDAQ:TSLA) are lining up to buy it. The low-grade lithium produced from brine operators produces a lower grade lithium carbonate which is far less valuable.
All of this makes the hard rock method much more attractive to battery manufacturers.
And, while hard rock lithium projects were once viewed as prohibitively expensive - they’ve become very lucrative at $20,000 per ton lithium sales prices.
Credit Suisse analyst John McNulty estimates “Lithium from minerals or ores costs about $4,200-4,500/tonne (€2,800-3,000/tonne) to produce.”
That could potentially deliver $15,800 per ton in gross profit.
a 1 percent grade is considered high for hard rock deposits.

Have a great weekend
Q