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15.0¢ galan lithium limited

General Discussion Banter GLN, page-10594

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mho25

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18/01/23

19:59

Post #: 65760067
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Originally posted by FreeflyerNZ: ↑

I'm here for the long term..

As JP has pointed out the closer Galan heads to production, the more instilled value there is for shareholders in any takeover considerations.

DFS, off takes and pilot plant being some major catalysts.

Galan's resource has proved to be big scale and we already know the quality of the brine. Happy to see this tick along nicely.

Galan is lagging a little in SP appreciation as hard rock assets have become more favourable. Hard rock can quickly enter the supply chain, DSO their product before a plant is built and generate early revenue. Typically very low capex costs.

The very immediate difference is also the time it takes to scale up a hard rock project compared to a brine project. Much easier to go from 2.4-4.5, to 9.5ktpa then going from 20kt LCE to 40kt LCE for brine.

Therefore, over the last few months we have seen brine projects fall out of favour to hard rock.

However, good to see RK Equity mention Galan as a favourite of theirs for the first time in their podcasts.

https://youtu.be/hZ0OiIQnyvs

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Thanks for this. Good to see they put up LPIs logo and love it.

GLN Price at posting: $1.20 Sentiment: Buy Disclosure: Held
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