GLN is the best kept secret in the entire lithium space. Almost nothing else is more undervalued at this point imo.
Current Market cap about $400m.
Hombre Muerto West
PFS NPV US$2.2b using lithium carbonate pricing of US$18594/t and cash cost of US$3518/t.
Mine life 40 years with 20ktpa Lithium carbonate
At current spot rate
At spot of US$70k/t, the spot NPV is astonishing
Gross profit per ton of lithium carbonate is US$70000- US$3518 = US$66482Annual production rate of 20ktpa translates to annual EBITDA of about US$66482 x 20000 = US$1.33b
Punch the figures in the financial calculator.
At 8% discount rate, the spot NPV is US$17.1b.
At 10% discount rate, the spot NPV is US$14.2b.
We haven't even factor in higher production rate of 25ktpa or more, Candelas and greenbushes project.
General Discussion Banter GLN, page-8495
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Mkt cap ! $58.26M | |||
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