General Discussion Banter GLN, page-10424

Companies like Galan (and many others) complete various levels of feasibility studies utilising long term lithium chemical pricing of between US$17-24/kg, highlighting the potential profitability of their modelled operations (In the Billions $$$)

Spot pricing in recent history overshot estimates and ran to +US$80/kg (Unsustainable)

Spot pricing has now retreated into the low US$70's/kg (People are loosing their minds and lithium company valuations are crumbling)

The fact is, Lithium Chemical pricing can drop another 70% from its current position and companies like Galan would still be printing significant cash if in operation today

The FUD crew are out and about being vocal and to be frank they know deep down what is playing out right now is BS / White Collar Crime !

If Galan was in production 6 months ago we would have been making a ~1,900% Margin, the recent lithium price drop would mean we would be making a ~1,600% margin today

I read above what if Lithium continues to drop another 25% in 2023 to US$57/kg......... Poor Galan would only be making a 1,200% margin

Its laughable what happens in financial markets and is "Legal"