Former top rated natural resources analyst in Asia and founder of Orior Capital Simon Francis gives his take 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 maiden resource in 2018 and a pre-feasibility study a few weeks ago. The company's looking to use a direct extraction process which has several advantages over the evaporation pond approach and they're one of only a handful of companies globally to do so. Francis adds that Lake 'looks cheap' in both absolute terms, and relative to other companies in the lithium space, given the operational advantages of the technology and the strong growth prospects of the lithium industry.
Analyst says Lake Resources undervalued given 'unique technology' and growth prospects for lithium
Quick facts: Lake Resources NL
Price: 0.056 AUD
Market Cap: $44.36 m
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