GLN 5.56% 17.0¢ galan lithium limited

General Discussion Banter GLN, page-13851

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    Just as a comparison, here is the GLN DFS sensitivity analysis. In contrast to LKE, who use a price boundary of +/- 15% (which to the downside reduces the IRR of their project to mid-single digits), Galan use +/- 30%, and even at the lower bound of this on their assumed lithium price (so US$15.9K) would still achieve a 29% IRR. Apples and oranges…
    https://hotcopper.com.au/data/attachments/5836/5836147-fe36d97da2911dfac35c1251932cc7f3.jpg

    I think LKE’s Kachi is probably dead from here, however they have access to a dilutive A$250M ATM facility out to 2026 so I imagine the execs will keep stringing the story along and paying themselves fat salaries. It’s a shame, because the capital stranded in that company could be put to work developing proper projects…
 
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