LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

Airhead mining-challenged minister_Aurora_Williams_pontificates_on_Codelco
producing lithium in 6 to 7 years. Click Here. Ha ha ha.

Any non-Communista free-enterprise capitalist-based private lithium miner worth his salt could easily beat that 6-7 year dragged-out greasy-palm-ladened projection by 70% at the minimum. My bet is no-vision no-brains no-drive no-ambition Chilean mining minister Aurora_Williams is gone and long-forgotten by March 2018. And a good riddance to her I say.

The Doctor

For reference:
About POSCO & PosLX
POSCO (NYSE:PKX) is a multinational steel-making company headquartered in Pohang, South Korea. POSCO’s shares are traded on a number of global stock exchanges including South Korea, New York, Tokyo, and London with a market capitalization of US$24.1 billion.

POSCO has developed a proprietary technology, PosLX, which has the potential deliver lithium recoveries of over 80% in as little as eight hours with a high purity of 99.9%. This compares to the conventional lithium evaporation process which takes between twelve and eighteen months with recoveries of 50% to 70%. POSCO commissioned a 2,500 ton per year lithium carbonate plant early this year at its Gwangyang Works plant in Korea and is anticipated to help supply its battery making partners LG Chem and Samsung SDI, as well a subsidiary company that produces cathodes for secondary batteries. Click here for article reference.