GLN 0.00% 11.5¢ galan lithium limited

Just for clarity on your comment here:"The point that Mondy made...

  1. 5,132 Posts.
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    Just for clarity on your comment here:

    "The point that Mondy made was that Argentina is facing 80% Inflation currently, the assumption or alluding point was that Project Costs would be +80% higher, however this needs to be adjusted for the exchange rate."

    That is not an assumption or allusion I made at all. The comment I wrote was this:

    "Argentina raised rates 950 bps in August and then another 550bps end of last week. Inflation is running at 80% annualised. Not a commentary on the company of course but country risk is increasing. I know there was a 30% contingency on capex in the PEA but I think the DFS capex may surprise to the downside (find me one recently that hasn’t!)."

    In response to another poster's reply, I then wrote this:

    "Am aware of capex in USD but currency won’t protect from inflation. Think about the supply chain cost of getting construction items to the site alone…"

    Source: https://hotcopper.com.au/posts/63766368/single and https://hotcopper.com.au/posts/63767520/single
 
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