Updated,
GLN, PEA was based on concentrate 4.8% Li, if based on the latest concentrate rate of 6%Li, annual production capacity would be 25,000 tons. JP also mentioned it could be optimised up to 25ktpa.
GLN's HMW has a lower capex and low opex, similar annual production (if optimised), then using same lithium carbonate price of US$15,500/t, post-tax NPV @8% would be at least US$1.6B or A$2.1B.
GLN also has Candelas project with 0.68Mt LCE and large land area, Greenbushes South Lithium project.
But currently GLN's enterprise value is Only $180m where LKE's $300m.
All imo, DYOR.
Compelling opportunity, page-1949
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