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.
GLN is the best kept secret in the entire lithium space. Almost...
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Last
13.0¢ |
Change
-0.010(7.14%) |
Mkt cap ! $63.56M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.3¢ | 12.5¢ | $219.0K | 1.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 112462 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 218133 | 4 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| GLN (ASX) Chart |