GLN 0.00% 12.5¢ galan lithium limited

General Discussion Banter GLN, page-1086

  1. 1,845 Posts.
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    Will we have to do more than 5-6 holes to get a true resource JORC? I would think you have to do more surveying & more CSMAT and Magnetic surveys to get the 1 MT measured JORC we are after... if we can get 100-200kt of LCE resource out of this round of drilling it would be positive, then there is bound to more done at a later date I would of thought.... I know this is not like drilling for Li pegmates but how do they calculate it all...

    There's inferred, indicated, measeured

    What stage would we be at after these drill holes...

    And i guess after the Maiden Program more will follow months after?

    Just trying to grasp it all as I havn't not followed a full process brine exploration before.

    2-3 years is where I see full maturation of the company whether GLN sell assests and go into partnership or have started commercial production.

    JP also said he's in for the long haul and may not be producing commercial quantities for 4-5 years if the resource is here, isnt that when the company will have best valuation unless T/O prior.

    Just my opinion.
 
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