Below is a bit of information on where GLN has come from and where it is currently at in regards to MC and sunk capital.
Market Capitalisation based on Fully Paid shares on issue at certain price points first hit on the way up and on the way back down in the last cycle.
ATH just under $700m MC
IMO likely need at least another $10m in capital required even after the current SPP by the time selling product. Working capital for phase 1 is one thing. This will not cover company working capital corporate / continue Phase 2-4 work required. IMO.
Hopefully this can be raised around a higher pricer than current.
Latest MOM podcast has Joe L on and covers GLN a little (pre Authium) where he says the Offer recieved undervalued the company.
He does not expect Li prices to improve until late 2026.
Below is the sunk capital on Tenements and Investments and Exploration & Evaluation, This does bot include any corporate / admin costs, just expenditure in the areas noted.
$155m Since June 2019.
Not saying sunk capital is a valuation metric. But food for thought.
GLTAH
GLN Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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