GLN 2.78% 17.5¢ galan lithium limited

Ann: Compelling PEA Results for 100% owned HMW Project, page-81

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  1. 1,456 Posts.
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    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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Last
17.5¢
Change
-0.005(2.78%)
Mkt cap ! $127.5M
Open High Low Value Volume
17.0¢ 17.8¢ 16.8¢ $524.4K 3.060M

Buyers (Bids)

No. Vol. Price($)
8 376929 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 45419 2
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Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
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