Compelling opportunity, page-5314

If used same assumptions, GLN would be valued over $20 per share.
That's how crazy LKE has been promoting.

Bear in mind, Gangfeng market cap is only $35B, SQM's $32B.
LKEers are promoting LKE to be over $20B......

LKE has not even proved DLE technology yet, not commercially producing any, but talking about 50Ktapa, even 100Ktpa. If DLE were proved workable, then quick to produce lithium chloride in three hours, but the time saving is only for initial 12-18 months, after fully ramping up production, annual production capacity is no difference between DLE and conventional pond extract method. Lots of unrealistic hypes are being circulated, imo.

How is LKE going to sort out energy intensity and fresh water issues for their production???
That's big hurdle after DLE tech were proved, imo.

If LKE were able to get a stage to expand to 50Ktpa LCE, then LKE's 75% share is 37.5Ktpa production capacity; earliest production is scheduled in 2024/2025.
GLN, HMW is likely to be 20Ktpa - 25Ktpa, 100% ownership, earliest production for lithium carbonate is in 2025/2026; Candelas, 14Ktpa, per PEA, is scheduled also in 2025/2026.
Total 34Ktpa -39Ktpa.

Current valuation:
LKE: enterprise value is $3.1B (fully diluted 1.45B shares)
GLN: enterprise value is $0.6B (fully diluted 0.31B shares)

DYOR & All imo.