This is an excellent (albeit hurried) presentation - TJ's calm, no nonsense presentation style should be reassuring for all Galena SH's.
First production by Jan'23, full commission before mid years & Steady State EBITDA of A$100m implies a much higher SP.
Compare Galena wth Boab Minerals (BML) - MC A$34.53m (up 4.4% today) - Yet, no BFS, no finance .... in 2021, Shaws had MC target A$220m.
As TJ says, lead ain't sexy, but world demand will be driven by EV's and other large battery uses.
So, G1A looks a secure investment - what remains to be seen is the pace of the SP rerate, and the quantum increase in the MC.
Toho only invests in high grade deposits and has a history of taking these over once economic long term production is assured.
So, daily agonising about G1A SP and the fluctuations in the lead and silver price is boring, and a waste of time energy and space.
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