General Discussion Banter GLN, page-9951

thanks for the link.
I summarized what I think are the crucial points JP raised, as related to many HC discussions here.


Galan Crux interview:
0:49 Has had 34 meetings in 2 days.
2:05 Intend selling the LiCl to any of the 12 competing processors within Arg when we come online in q1 2025. Note competing.
3:34 Pilot plant 4ktpa approvals expected Q2 2023, Pond construction to start early shortly after. Then start filling ponds as they are built, so first product q1 2025. First $$$$ incoming.
3:43 Pilot plant capex early $40s million , funded without dilution. Lots of interest on funding or prepayment.
5:03 Taking it to production. Emphatic.
5:05 Ebita in a couple of years for just the 4kt of product LCE, in the form of LiCl, could be more than $100m.
5:47 Believe they can increase the production volume past the original intended 20ktpa.
8:48 Strategy at moment is LiCl so very little water required. 10:32 By going LiCl we save 40% off the Capex, and no LCE qualification which can take a year. Sacrifice a bit of value but gain cash flow, and based on Australian spod sales, expect that we will get a significant valuation upgrade once we get a contract shown to market.
11:48 Hoping to drill GBS in Q1/2 2023.So far they have found all the pegmatite constituents except spod. “We have a chance” was as far as JP could go on GBS.
13:45 Seeing strong interest everyday in our product from many parties.




My take - 34 Meetings this event alone, so far, - anyone doing the walking and talking JP has been doing is going to know the facts and the situation as it stands. Credible.

Based on his numbers for 4ktpa, allowing for expansion as indicated so using say 24ktpa, could see EBITA of >US$600m/pa on current prices.