GLN 0.00% 17.0¢ galan lithium limited

Even at 40-50 cents DMI was very much undervalued to it's peers....

  1. 6,892 Posts.
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    Even at 40-50 cents DMI was very much undervalued to it's peers.

    After Today's POSCO investment in Hombre Muerto many investors and BIG players will start to look at who has what.

    Seriously!
    -One of the Big 3 (FMC) has a OP running there for 20 years.
    -Their's a NPV of 1.4 Billion on GXY's SDV piece and they just monetized the poor part for 280M U.S!
    -Even NRG with a little piece on top has a 40M MC- and it's undervalued.

    Yet, DMI has a sub 14M MC...I just have to shake my head in dis-belief we are sitting on this gift.

    What colour of flashing neon sign do you need?
    There's Risk and Reward but, DMI is just gift wrapped in a red bow tie.

    POSCO are cashed up and have been looking for Lithium assets for years.
    No reason to think they wouldn't want to expand on their HM holding or another Li player looking to secure LCE supply in the 2nd best Salar in the world IMO.

    IMO
    DYOR!!

    I've borrowed VivaLaVida pic she posted from the other day...
    (They say a pic is worth a 1000 words...I think this PIC  is worth 10-15 bags!)

 
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