GLN 2.33% 22.0¢ galan lithium limited

Mate your research on Chile is awful, shoddy and...

  1. 2,555 Posts.
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    Mate your research on Chile is awful, shoddy and misrepresentative at best. What I have pointed out about Galan's predevelopment work is right on the money. Until they drill their tenements at Pata Pila etc, like they did at Candelas you will NOT KNOW DEFINITIVELY what size and grade of resource you have. That information should be included in the DFS because it is not included in the high level HW scoping paper delivered by GLN management to date. Simple as that.

    Now you owe an apology to investors in Chile regarding your BS nationalisation claims and selective claims about royalties. If you had done your research properly, you would find that SQM and Albemarle pay an advalorem royalty rate on lithium production on most of their leases on the Atacama because THE GOVERNMENT OWNS THE MINING LEASES. That is not the case with other lithium companies who owns their mining concessions.

    And dont look down your nose by referring to other lithium peers as inferior, because GLN hasn't advanced its projects at Hombre Muerto sufficiently to make such a claim. It has been all extrapolation and concept stuff to date. The rubber will hit the road with a real pilot plant, completion of a full drilling program, hydrogeological studies, determination of long terms flow rates and an environmental impact study. That is just for starters. You can start bragging then if comprehensive and definitive evidence produces the goods.

    Keep it real.
 
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