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

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Former top-rated natural resources analyst in Asia and founder of Orior Capital Simon Francis offers his thoughts 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 which has several advantages over the evaporation pond 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 relative to other lithium companies, given the technology’s operational advantages and the lithium industry’s strong growth prospects.

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