Ann: Galan Investor Webinar, page-255

If Phase 1 we do get funding for the remainder of the project we are at around 460mil SOI I think.

and if they hold off construction for Phase 2. while still progressing to get permits for Phase 2 and the official export permits. Still a good SOI.

I personally hope they can hold off Phase 2 until better LCE prices. as @HOOPZ pointed out in the other thread demand has not dropped off the cliff like the instos projected since last year.

But what I honestly believe is that Battery Manufacturing today vs 2 years ago in China has changed a lot. I do handle clients setting up factory in SEA, late last year I had a potential client that was doing BESS in China supplying to the EU and Middle East. They have increased their Production Capability from 55%-60% passing rate to 85% passing rate for their LFP batteries in a 3-4 years. They were planning for a 1.5-2.0GWh factory by 2028 in SEA.

Seems to make a lot of sense why lithium prices has fallen. But I think it is almost time for them to restock with the constant demand from EV and BESS.

GLTAH. DYOR. AIMHO