HMW alone
PEA:
- Battery grade Lithium carbonate price at US$11,687/ton,
- annual production 20,000 tons,
- annual EBITDA is US$174m
Upcoming DFS likely to be:
- Battery grade lithium carbonate price US$15,000/ton
- annual production 25,000 tons
- annual EBITDA would be ~US$260m (A$340m)
- life of mine 40 years
- total EBITDA ~ A$13.6B
- Post tax NPV @8% would be around A$2B
DFS is scheduled to be completed around mid/late 2022.
Valuation will be gradually increasing to around 30% to 70% of NPV (would be around $600m to $1.4B).
GLN’s current enterprise value is ONLY $232m (~12% of estimated post-tax NPV).
As comparison, GXY’s market cap $2B, majority of its valuation is attributable to Argentina brine deposit.
LKE’s enterprise value $388m, 1.67 times of GLN’s.
I’d say patience will be well rewarded over coming year.
All imo.
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Last
30.0¢ |
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Mkt cap ! $123.9M |
Open | High | Low | Value | Volume |
29.0¢ | 30.5¢ | 29.0¢ | $383.9K | 1.287M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 9997 | 30.0¢ |
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Price($) | Vol. | No. |
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30.5¢ | 64682 | 2 |
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No. | Vol. | Price($) |
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1 | 9997 | 0.300 |
5 | 190751 | 0.295 |
7 | 252761 | 0.290 |
8 | 260443 | 0.285 |
15 | 690120 | 0.280 |
Price($) | Vol. | No. |
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0.305 | 64682 | 2 |
0.310 | 211000 | 3 |
0.315 | 40000 | 2 |
0.320 | 45000 | 2 |
0.325 | 41893 | 2 |
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