Yes, so does that mean we are going to start production now (I mean evaporation in 2 weeks)? In other words, can we proceed with certainty to generate cash flow? Even if Glencore financing takes a long time, we will begin production! (First) Production is now entirely independent of the financing process? If yes, amazing!
Moreover, so far we (well @HOOPZ) had estimate the SC6 equivalent opex for GLN to be US$469.
https://hotcopper.com.au/threads/general-discussion-banter-gln.4351926/page-13941?post_id=71748348
Company just confirmed it is much lower: US$310-350! That is outstanding, isn't it? And IF (big IF) we cannot produce anymore due to low lithium prices (despite our ultra-low opex), literally, nobody can produce, meaning the lithium industry would collapse. In other words, GLN will always be a powerhouse in the global lithium industry (if it continues to exist, and why shouldn't it). So, who cares about what the stock price will do in the next few months? We are heading into production! Congratulations to the GLN team!
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Open | High | Low | Value | Volume |
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3 | 92994 | 11.5¢ |
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12.0¢ | 269000 | 4 |
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3 | 92994 | 0.115 |
23 | 1457679 | 0.110 |
24 | 1921287 | 0.105 |
57 | 3690642 | 0.100 |
4 | 131111 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 269000 | 4 |
0.125 | 441061 | 7 |
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