GLN 9.09% 12.0¢ galan lithium limited

General Discussion Banter GLN, page-10325

  1. 375 Posts.
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    I have plugged Arena into my lithium resource comparison which has been updated recently for the latest ESS MRE (highlighted in yellow with the previous MRE numbers also shown). I believe that Arena only own 65% of the Sal de la Puna Project so this needs to be taken into account. This gives an EV to LCE of $928 AUD per ton of LCE which would value Galan at $18.59 per share (on a Total Mineral Resource basis). At least the people in charge of making acquisitions know what these things are worth even if shareholders don't.

    https://hotcopper.com.au/data/attachments/4924/4924708-de83a7576d979378b9f554bbf7b6b488.jpg

 
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