HMW alone PEA: - Battery grade Lithium carbonate price at...

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.