Some keen eyes picked up a typo, as I was going back and forth between numbers.
The original post read:
Lithium concentration: Conservatively assume an average of 400ppm (Galaxy in the adjacent project had a 500ppm cutoff, so a 400ppm average is considered very conservative).
Therefore volume of LCE = 21.5B x 0.08 * 0.0005 * 5.3 = 4.56 MT
It should have read:
Lithium concentration: Conservatively assume an average of 500ppm (Galaxy in the adjacent project had a 500ppm cutoff, so a 500ppm average is considered very conservative).
Therefore volume of LCE = 21.5B x 0.08 * 0.0005 * 5.3 = 4.56 MT
Or alternatively:
Lithium concentration: Conservatively assume an average of 400ppm (Galaxy in the adjacent project had a 500ppm cutoff, so a 400ppm average is considered very conservative).
Therefore volume of LCE = 21.5B x 0.08 * 0.0004 * 5.3 = 3.65 MT
Sorry for the mixup.
GLN Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held