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23.5¢ galan lithium limited

“the Sal de Vida project is still in development as well (and is...

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01/05/24

13:49

Post #: 73608864
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Originally posted by mondyinvest ↑

Hi @boslo, I'm not really familiar with Sal de Vida but at a cursory glance I'd note the following:

that announcement looks like it was from pre-mid 2021 given the subsequent mergers

they are including a 500mg/L cut-off grade, GLN does not have any cut-off grade

the Sal de Vida project is still in development as well (and is currently suspended)

it has a Resource Estimate of 7.2Mt LCE, and reserves of 2.5Mt LCE (of which 445K is proven)

so with proven reserves of 445k, ALTM are looking to do 15ktpa LCE, versus GLN with 101k wanting do to 20ktpa.

Given the size of the Hombre Muerto Salar, is it appropriate to compare projects in very different areas? I don't know, but Sal de Vida is on the east side of the Salar, almost directly opposite and very distant to Galan's project.

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“the Sal de Vida project is still in development as well (and is currently suspended)”

source? (For the “currently suspended” part)
Ta
GLN Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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