Galan’s AISC for phase 2 is $7,500 LCE. That is cheaper than any of these WA projects being sold for billions. Plus they will be way quicker into production. It will be a lowest quartile producer, with the potential to scale massively.
Glencore DD just a formality as project already permitted and in construction. When Glencore formalises its pre-payment agreement around six weeks from now, the project will be completely de-risked. The penny will finally drop with the market and this stock will quickly trade where Lake used to trade, ie plus $1bn market cap. It will be less than 16 months from production with Pond One already fully charged with brine.
Galan’s AISC for phase 2 is $7,500 LCE. That is cheaper than any...
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16.8¢ |
Change
-0.008(4.29%) |
Mkt cap ! $123.8M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.3¢ | $583.0K | 3.486M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 405249 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 101702 | 4 |
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| Last trade - 13.54pm 01/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |