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12:49
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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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In the event a resource is proven, the reason why we could be taken over by a player such as POSCO is not because they "need" the extra resource but like the oil guys do its a tactic to control the market and lock up the resource so they have more control of the market and there is less available from competitors.
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