high capex for much higher production though. GLN will have to partner or JV if it wants higher output. brine higher output, the capex increases proportionately. The capex will be over $1BN AUD for GLN at higher output levels. LKE isnt comparable- lke is a lot lower capex and lower cost/higher grade(DLE )than GLN
all they've done, is basically increase the mine life a lot - assuming they dont go the high capex route.
GLN wont be producing for several years. The lithium boom would've cooled by then, i imagine.
Ann: 2.5x Increase in HMW Resource - Now 5.8Mt LCE @ 866 mg/l Li, page-124
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15.5¢ |
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Mkt cap ! $116.6M | |||
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| GLN (ASX) Chart |