General Discussion Banter GLN, page-10112

This one here is a target production output comparison (based on the output stated in their feasibility studies). The "EV/Output" column shows how much each ton of LCE production is valued on an Enterprise Value basis. A lower number means the production output is more undervalued than it's peers. The last column shows what Galan would be worth if it was valued the same as it's peers. Obviously there are other factors that come into play here but it's another way of showing the potential upside. For example, this ignores opex so the profitability of some will be better than others.


Note: I have done a straight Lithium based conversion from spodumene to LCE which I guess is assuming a 100% recovery rate in the conversion to LCE. I don't think is practical so bombers might be able to provide some advice as to what reduction factor needs to be applied here. What this means is that the LCE of the Spodumene producers is probably slightly overstated.