General Discussion Banter GLN, page-13851

Just as a comparison, here is the GLN DFS sensitivity analysis. In contrast to LKE, who use a price boundary of +/- 15% (which to the downside reduces the IRR of their project to mid-single digits), Galan use +/- 30%, and even at the lower bound of this on their assumed lithium price (so US$15.9K) would still achieve a 29% IRR. Apples and oranges…


I think LKE’s Kachi is probably dead from here, however they have access to a dilutive A$250M ATM facility out to 2026 so I imagine the execs will keep stringing the story along and paying themselves fat salaries. It’s a shame, because the capital stranded in that company could be put to work developing proper projects…