At $1.14/share, GLN's enterprise value is only $265m. VUL's...

At $1.14/share, GLN's enterprise value is only $265m.
VUL's market cap reaches $1.7 billion.

Current lithium carbonate price is already over US$20,000/ton, sitting around USD$22,000/ton. Yesterday's PLS auction price, would imply lithium carbonate price to be around USD$30,000/ton.

GLN's HMW, fast tracking to the market, at 25,000 ton lithium carbonate per year for 40 years;
opex is only USD$3,518/t before optimisation, at USD$20,000/ton, HMW alone could generate USD$412m profit margin (EBITDA) for 40 years, that's about $365m net profit after tax per year for 40 years for HMW project alone.
Then Candelas, could be another 15,000 ton lithium carbonate per year for 25 years.

Greenbushes South project, 3km away from the world's largest hard rock mine, currently is given nil value.
WA hard rock deposits are currently valued at a big premium, LTR is approaching $3 billion now.

GLN has two proved projects in Argentina, Lithium Triangle, plus one hard rock project in WA, currently is only valued at around $265m, also has cash $65m upon completion the raise.

ALL IMO.
GLTA.