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13.0¢ galan lithium limited

Ann: New High-Grade Lithium Discovery, page-130

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mattilla

2,216 Posts.

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15/02/19

10:54

Post #: 37447195
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Originally posted by TheGekko ↑

Originally posted by Njrawl
@TheGekko

From: http://www.saltworkconsultants.com/blog/lithium-in-saline-settings-1

Porosity levels in a host halite aquifer are a major constraint on the potential economics of any salar or salt lake lithium brine resource. Most halite units lose their effective porosity and permeability by depths of 50-60 metres (Warren, 2016; Chapter 1)

DYOR!
So what. I am talking about the proven permeability of the halite lithology I am very familiar with. The halite zone has a depth of 55 metres, a grade of nearly 1200mg/l Li, a mind-blowing flow rate of 45 litres per second and holds ENORMOUS economic value. It is so damn good that they were considering pumping it from trenches as opposed to drilling production wells. You cannot label every salar the same. They all have different lithology and hydrogeological characteristics. One needs to wait for all exploration and evaluation findings to be complete before determining the economic viability of a resource. GLNers need to do the same and there is a LONG WAY TO GO.

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I feel like this topic has lost all relevance to GLN. Maybe take it across to the appropriate stock thread.

GLN Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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Last 13.0¢		Change 0.000(0.00%)		Mkt cap ! $77.48M

Open	High	Low	Value	Volume
13.0¢	14.5¢	13.0¢	$752.8K	5.503M

Buyers (Bids)

No.	Vol.	Price($)
19	874807	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
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No.	Vol.	Price($)
18	870807	0.130
19	924729	0.125
26	1136177	0.120
11	3763087	0.115
29	2158601	0.110

Price($)	Vol.	No.
0.135	36900	2
0.140	486523	11
0.145	584553	10
0.150	408772	6
0.155	325963	8

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Ann: New High-Grade Lithium Discovery, page-130

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Ann: New High-Grade Lithium Discovery, page-130

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