General Discussion Banter GLN, page-10495

I have updated my lithium resource list to include the ESS acquisition and also took the opportunity to add Prospect's Arcadia transaction.

The "GLN SP Equiv." column shows what Galan would be worth if it was valued the same on an LCE basis. In the case of this morning's ESS acquisition it has Galan valued between $8.13 and $8.82 depending on whether you include Inferred resources. Interesting that AGY's brine resource has the highest EV/LCE value when comparing Total Mineral Resource (includes Inferred) - so yeah spod is often valued higher than brine but sometimes not (get it to production and investors stop caring what flavour it is).