GLN 3.33% 29.0¢ galan lithium limited

Hi MondyFrom stage 1 PFS this was the CapexTotal capex without...

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    Hi Mondy

    From stage 1 PFS this was the Capex
    https://hotcopper.com.au/data/attachments/6133/6133490-69cc1f7798fb2e648bed41e89e5f2171.jpg
    Total capex without contigency is US103m. I assumed that since the build is 1/3rd through and they are trying to find savings that the contigency amount would be less likely.

    They said in todays anouncement that 33% have been spent so that leaves around US$70m required. I assumed the ATM and current cash balances and expected future savings will bring this down to only requiring a further US$60m (I was thinking it is conservative).

    That is just how I understoof the anouncement today on already spent 33%. Happy to be proven wrong in my thinking.


    Last edited by merwej: 29/04/24
 
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