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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12.0¢ |
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Mkt cap ! $71.52M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.0¢ | $266.6K | 2.301M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 25960 | 11.5¢ |
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Price($) | Vol. | No. |
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12.0¢ | 281582 | 5 |
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No. | Vol. | Price($) |
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1 | 25960 | 0.115 |
9 | 2021996 | 0.110 |
23 | 632483 | 0.105 |
53 | 3605319 | 0.100 |
4 | 151808 | 0.099 |
Price($) | Vol. | No. |
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0.120 | 156582 | 4 |
0.125 | 481166 | 10 |
0.130 | 307500 | 5 |
0.135 | 983914 | 3 |
0.140 | 109000 | 3 |
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