i have bought more today... if you want to put your mind at ease, go have a read/refresh on GPX vs Magnis... i did it last night..
have a read of their annual report.... granted they are financed and starting construction, so naturally they should be a lot more in market cap....
but, their resource is 174mt, compared to (what is expected from drilling upgrade) GPX of 160mt - 300mt, currently 2% drilled for 5.1mt.
with a lower grade than GPX.... it isn't aimed at the expandable market...which fetches a premium price... ours can be used in batteries, but, more importantly in the fire retardant market...
Magnis MC is currently $380m, ours is $18m.....
our NPV for the 2% drilled 5.1mt resource was $200m pre tax, let's make that $140m for post tax (from Nov 15 PFS)
there's is $1.69b post tax NPV... (12 times larger, for a resource currently 34 times larger than ours).....
granted there will be updated feasibility done... but, a NPV only 12 times larger for a resource currently 34 times larger.... When this offtake and finance happens.... GPX will be flying... however, we won't own all the project no doubt...
but, when you look at the numbers...GPX's tiny little $18m market cap is way unders....
