Anyone else think this could 5 bag or even 10 bag in the long run? HMW has highest brine grade of any junior. Brines are low on the cost curve. Phase 2 NPV at 20 kt LCE/yr is roughly 2 billion US dollars. In the long-term there's potential for 60 kt LCE/yr so a NPV of approximately 6 billion!! Market cap doesn't reflect that at all.
Solid state batteries are coming and those will need lithium metal which is produced from lithium chloride.
Still a long ways to go, but I'm hopeful. The lithium price has likely bottomed. CATL shutting down lepidolite mines. There should be a price rebound by next year.
Any thoughts? Thinking this could double once Chemphys MOU becomes binding and Phase 2 approvals come through. Once Phase 2 approval happens, thinking Galan could have more presales.
GLN Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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