RE:RE:RE:interesting board...you're absolutely right Wingman (and I think you'll be very happy in the upcoming months..!). There's three upcoming key events/catalysts that will likely move the SP upward notably, and they will all occur in the next 6 months ish (at least that's the plan):
1) Resource Estimate (RE). we're 3-5 weeks away from the initial RE (with an updated RE likely to be released this summer). There's been much speculation on the size of the resource (based on assays to date) but it's likely to come in around 4 million tons LCE when all is said and done (give or take a million). This is nothing short of world class, and more than NLC, LIX, and LAC. Once the number comes out, you can be sure the broader market will notice CYP. We'll likely see a notable bump in the SP at that point.
2) Hydrometallurgical process. As you rightly said, CYP also needs to be able to efficiently extract the Lithium from the claystones. Luckily for us, they have already achieved 80%-ish recovery based with the tests done to date, using a fairly simple low-acid leaching process. Even if they cannot improve anything (and assuming the leaching process is workable on an industrial scale of course), then the extractable resource would be 3.2 Mt LCE (80% of 4Mt). As CYP continues testing/enhancing the process, the efficiency percentage could increase a bit (or maybe decrease a bit). Once the process is confirmed, the market will then know that CYP has a huge resource which CAN be extracted. We'll likely see a notable bump in the SP at that point too!.
3) PEA. In late August (ok....likely September or October), CYP will deliver its initial PEA, bringing together the RE, the Process, NPV calculations, etc. I think this is when the rubber will hit the pavement for whomever is still sitting on the fence, and we'll likely see a notable bump in the SP at that point too.!
Will it all work out? We should get a much better idea in the coming weeks/months. And if what has been speculated proves correct, we should see the SP increase materially. We're almost there...!
GLTA