I don't see 0.80 happening, hoping for at least 0.30 to 0.50. That's 150 mln to 250 mln mcap in usd.
for comparison Lithium Argentina is now trading at a marketcap of 350 mln usd and has ~50% of the annual lithium brine production of a 30 - 35k plant.
I'm looking forward to Eramets first results from DLE for Q1, I think this will be a gamechanger in the lithium space and the first production and cost result could set things in motion. I think it is possible that Eramet is the "disclosed European party" wanting to progress the Lithium South project.
And this could also be the reason why it is taking so long to close the deal with Chemphys, maybe they are looking into DLE as well and how to proceed with DLE.
Only time will tell, Galan has two of the best brine projects. And Chemphys did came through in the beginning of March, so things are looking positive I think (beside of the communication).
GLN Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
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