Some selling on major milestone (PEA) yesterday, but this won't be for long especially with the whole lithium sector on a bull run. I think the market hasn't quite comprehend how significant the news is.
PEA shows NPV of US$1.011b ($1.33b) on long mine life of 40 years. Figures are yet to be optimised and potash credit not calculated. I suspect by the time GLN gets to DFS, the NPV should show US$1.2b - 1.5b, maybe possibly more.
On comparison the current market cap is only $64m. This is way less than many peers that has top tier lithium resource.
As much as I would like to see GLN go into production, I think the company will be bought out by the majors in the future.
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