The fact that drill hole 2 is closer to the main body of the Cerro Galan Ignimbrite is positive, the Rio Los Patos & other conditions over Millions of years has weathered away Li from the Ignimbrite so much so that 70% of Li that is in FMC (livent) GXY's SDV & POSCO had to go past drill hole 2 to get there. Our Candelas tenements are surrounded by Li containing Ignimbrite! it can't escape! and that when have a huge launch pad to the south east where the Los Patos starts accumulating minerals and depositing right where GLN owns land is mind blowing.
Extract all material besides the rock basement and the Ignimbrite from the Candelas and you would have something that looks similar to the Grand Canyon! Well if you want to get specific half that size, but still its MASSIVE.
More land is to be acquired, geothermal springs for energy processing needs and all important supply of water to other Mines and Populations is also possible!
Still time to buy and hold, it reminds me of late 2014 when PLS hit their 1st high grade mineralisation of Li at Pilgangoora, they were valued around 60Million back the and share price was only 4-5cents, 4 years later sitting on a 15-20 bagger. and IMO I think GLN could have a better resource.
DYOR
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Mkt cap ! $60.50M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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6 | 295680 | 12.5¢ |
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Price($) | Vol. | No. |
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13.0¢ | 2021999 | 6 |
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No. | Vol. | Price($) |
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7 | 472031 | 0.110 |
11 | 947628 | 0.105 |
25 | 1490999 | 0.100 |
2 | 20000 | 0.099 |
Price($) | Vol. | No. |
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0.125 | 1573785 | 9 |
0.130 | 254710 | 7 |
0.135 | 293280 | 3 |
0.140 | 225541 | 3 |
0.145 | 344396 | 6 |
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