Anyone else think this could 5 bag or even 10 bag in the long run?
HMW has highest brine grade of any junior. Brines are low on the cost curve.
Phase 2 NPV at 20 kt LCE/yr is roughly 2 billion US dollars.
In the long-term there's potential for 60 kt LCE/yr so a NPV of approximately 6 billion!!
Market cap doesn't reflect that at all.
Solid state batteries are coming and those will need lithium metal which is produced from lithium chloride.
Still a long ways to go, but I'm hopeful.
The lithium price has likely bottomed. CATL shutting down lepidolite mines.
There should be a price rebound by next year.
Any thoughts? Thinking this could double once Chemphys MOU becomes binding
and Phase 2 approvals come through. Once Phase 2 approval happens, thinking Galan could have more presales.
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Mkt cap ! $93.95M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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6 | 713831 | 12.5¢ |
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Price($) | Vol. | No. |
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13.0¢ | 2316813 | 12 |
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40 | 2311729 | 0.120 |
13 | 3625328 | 0.115 |
36 | 1595377 | 0.110 |
33 | 1580449 | 0.105 |
Price($) | Vol. | No. |
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0.130 | 1320943 | 11 |
0.135 | 864841 | 11 |
0.140 | 736189 | 13 |
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