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.
Ann: Compelling PEA Results for 100% owned HMW Project, page-81
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13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $68.40M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 15.0¢ | 13.5¢ | $235.9K | 1.677M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 605406 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 15000 | 2 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| GLN (ASX) Chart |