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clock Created with Sketch. 23/03/19
12:20
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Originally posted by TheGekko:
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If GLN is to be done, it wont be because of the long-term demand for EV inputs. It will be because it is a late mover on an overcrowded salar - do GLNers honestly think that a company like POSCO, which I read yesterday is possibly negotiating with GXY for the southern portion of Sal de Vida, would look twice at GLN. POSCO and GXY currently have decades of easily extractible, relatively high grade, low cost brine - defined to DFS status. Why would they part with ANY consideration to add to their already considerable and proven resource. After all, GLN's current exploration to date shows the drilling result for the first hole was average and the second hole required drilling to rediculous depths, let alone the unknowns about the stratigraphy's porosity and permeability at those depths.
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Wow if what you say is correct and posco are looking at GXY's southern tenement which is contiguous with GLN's Candelas this is great news! They'll definitely be watching us with great interest.192m @ 802mg/l Li . With low impurities.
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