Analyst Says Lake Resources Undervalued Given ‘Unique Technology’ And Growth Prospects For Lithium

Top-rated former natural resources analyst in Asia and founder of Oror Capital, Simon Francis, provides his opinion on Lake Resources (ASX: LKE) (OTCMKTS: LLKKF). Lake is developing five lithium projects in Argentina – the most advanced project is Kachi, where the company announced a first resource in 2018 and a pre-feasibility study a few weeks ago. The company is looking to use a direct extraction process that has several advantages over the evaporator basin approach and is one of the few companies in the world to do so. Francis adds that Lake “looks cheap” both in absolute terms and compared to other companies in the lithium industry, given the operational advantages of the technology and the strong growth prospects of the lithium industry.

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