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15.0¢ galan lithium limited

Ann: HMW Continues to Deliver With Positive Santa Barbara Results, page-81

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spovend

2,604 Posts.

1303

01/03/23

18:00

Post #: 66544794
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Originally posted by Danmeech: ↑

It's an odd one. Before the HMW resource upgrade, JP was in interviews saying the DFS will likely target 25k plus tpa. Then we got the upgrade which he was in interviews saying that the result blew all of them away, far above their expectations and that they needed extra time to revise the DFS to incorporate this.

Since then he has gone back to saying 20k plus tpa in interviews. I think he is just being conservative as he has generally been since the beginning. Perhaps someone has told him to just stick with what the public knows (i.e. ASX announcements) otherwise may be giving others an unfair advantage (i.e. those that watch his interviews).

Given he was talking 25k before the upgrade, then 'blown away' to the point they need to rethink things, I suspect it will end up being higher than that. All just speculation for now but we're really not that far off finding out now.

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It’s no longer the resource size that will now govern production rate, it’s all about layout of ponds and how much space we have to meet 25/30/50??

Last edited by spovend: 01/03/23

GLN Price at posting: $1.18 Sentiment: Buy Disclosure: Held
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