Yes agreed - I also have an 8c -10c price target for end of year / early next year if both smelters are producing.
Also I am thinking it could be possible that the current average price (1.2c-1.3c) is reflected by the market already factoring in a 10% discount (CPA) from a VWAP of 1.4c -1.5c , knowing that money will need to be raised in the short term in order to get this to production.
Hopefully we should get an update next week on departure of Smelters which were scheduled to leave sometime in Feb. I don't think the DSO will be approved until this happens ( GMC need to show adequate progression of Processing facility).
Thoughts?
Cheers
GMC Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
