Sounds like a realistic PT to me, obviously at Phase 2 21ktpa, they are going to be turning a few hundred mil of revenue, hard to say exactly how much as we don't know what the lithium price or LiCl price is going to be in 2026, but I mean you don't value a co under 300m mc for that.
And it's a pretty decent growth stock once they get into production, working their way up to 60ktpa in 2030.
Dunno what Gwaihir or the other critiques think this should be worth.
Also I keep seeing these concerns about funding, neither PMT or WC8 have the funding to get into production... And they are worth quite a lot more than GLN, WC8 is 4x more than GLN and PMT about 10x more...
To me it just seems like a bit of hate towards lithium brines.
Ann: Galan Signs Pivotal Commercial Agreement with Catamarca Govt, page-171
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Mkt cap ! $92.18M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 20.0¢ | 19.0¢ | $511.0K | 2.640M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 159202 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 20.0¢ | 53030 | 2 |
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| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 19.0¢ | 20.0¢ | 19.0¢ | 1002769 | ||
| Last updated 15.58pm 12/06/2024 ? | |||||
| GLN (ASX) Chart |