You are way off.
Galan based the DFS stages 1 and 2 on a long term LCE price of $29000/T, so you are somewhat correct there.
Galan are producing LiCl which they believe has a value of $22841/T, being 79% of the LCE long term assumed value.
But, Galan has annual production costs of only $3510/T to produce the LiCl, so they do not need a LCE price of $29000 to make a profit. In fact they will make handsome profits even at todays LCE spot trading prices.
go you good thing, page-46
Add LKE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $102.8M | |||
| Open | High | Low | Value | Volume |
| 6.3¢ | 6.3¢ | 6.1¢ | $166.5K | 2.700M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21064 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 385921 | 8 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
|
|||||
|
Last
6.1¢ |
Change
0.000 ( 1.61 %) |
||||
| Open | High | Low | Volume | ||
| 6.1¢ | 6.3¢ | 6.1¢ | 1689355 | ||
| Last updated 15.54pm 29/05/2024 ? | |||||
| LKE (ASX) Chart |