GLN 5.77% $1.10 galan lithium limited

If we did do 40kpta at todays price of $20,000usd that equates...

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    If we did do 40kpta at todays price of $20,000usd that equates to $660m USD/$950M AUD profif a year for a company that has a MC at the moment of $292m AUD.
    BUT before we get anywhere near producing we have to do 2 VERY important things.
    1.Raise approx $400m USD to pay for ponds etc
    2. Build the ponds.

    I have been through this with Galaxy and they still have not got SDV up and producing.
    They sold their Northern tenements to Posco for $282m USD and have years of income from Mt. Cattlin and still have not started the ponds YET.
    They might move faster now with the merger.
    The ponds seem simple but it seems not even when you have the funds to develop it sitting in the bank.
    We do not have a Mt. Cattlin bringing in cash so how would we raise $400m USD?
    1. Capital raising again?
    2 Sell future off take? You might be shooting yourself in the foot selling at todays prices and where will the price be in 3 years
    3. At some stage sell a 25% controlling interest for $500m USD? This is probably the best scenario.
    Anyhow just my thoughts but there is one more scenario,
    We get taken over by a major!
    Maybe our neighbour, Galaxy! Logistically it would be easy for them and we are cheap as anything at the moment.
    A good day for Lithium today.

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