AGY's market cap is still around $80m after today's drop.
GLN's market cap (~$75m) is still lower than AGY.
AGY resource is ~0.7Mt @ 329mg/L (currently project ownership 77%, option to 90%)
GLN resource is ~8.6Mt @ 859mg/L (currently project ownership 100%)
AGY is aiming to produce lithium carbonate, they commissioned 18 months ago, they can't achieve nameplate 2ktpa LCE, annualised production was around 250 tons not long ago.
That proves how hard to produce lithium carbonate. GLN to produce lithium chloride concentrates, will be a much easier way, to commercialise its high grade resource, very low technical challenge, easier to achieve nameplate production.
All imo.
General Discussion Banter GLN, page-15557
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $73.34M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $244.6K | 1.615M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 653455 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 171660 | 7 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| GLN (ASX) Chart |