Hi Cal, 

firstly sorry for being quiet lately. My mood is as depressed as prices of Li2CO3 in China lately :-).

Anyway, do you have an idea, how these guys valuate LAAC? Because the Q1 report was a big eye opener for me as I have realized (still speculation), that LAAC will likely not report the production of lithium as they do not own the production site.

It is Minera Exar who owns that and they sell half of production to our Chinese friends and half to LAAC. IMHO any calculation based on 25 ktons of Li2CO3 are wrong by half. From this perspective, holding LAC should be better, but till Evans opens that site, Lithium won’t be "cool" any more. 

What is your take?