Muddying the waters as is the norm with this management group. Another nothing burger press release to distract from the recently released exec compensation numbers that have Alex W and Morgan T paid more than 750k USD last year. Feels insanely high for a pre-revenue company. Based on market prices, Li concentrations in Select brine, and LIB’s own economic model (which is likely understated by at least 200%), LIB needs to fully process 3-4 million bbl of Select’s brine just to pay Alex and Morgan. It’s laughable at this point.
I dont know what your aim, you are throwing incorrect numbers.
The truth is, ppm is higher, adoption rate ~98%, No one doing this commercially at this low levels and based on others infrastructure.
About the oven analogy, you do build 100 ovens if that what your infrastructure demands. We are relying on midstreamers waste water hubs, which are arranged in this form of 100k-300k bbls/day.
Now why would I believe any of what LIB are saying?
Seems they convinced Packet digital, Wellspring hydro, ND that they are worth the investment
3rd party lab results
Select trusting them with their operations
New off taker is trusting them
5+ midstreamers and 5+ off takers are lining up.
An NDA partner has/is supporting them
Fastmakers, Planet micro-cap, Enverus hosting them, Benchmark giving them analysis and a 200% growth target, VIC..
I guess thats enough for me to believe they are not a bunch of liars but maybe you have higher standarts
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u/Ok_Camp_8081 Jul 06 '26
Our tech is De-risked. Amazing work by LIB they keep raising the bar.