GXY (ASX) Chart

Originally posted by GCar ↑

I'll chime in if I may...

The market is forward looking right - there will be a time in the not too distant future when we have 3 solid operations, probably bringing in $$ at the rate of 3/4/5 times what we are now. With potential pricing upside, that could be 5//6/7 times what we are now.
There has been a lot of talk lately about SDV and JB not being factored into the sp yet... I agree. Although maybe just starting to become factored in a little bit lately..

The question really is: will we get these others up and running? If you think the answer is no, then sure we are maxed out. Not a huge upside, if any, from here.
If you think the answer is yes, then it's simply a matter of the transition in sp between say $4 and what it will be when there's 3 mines pumping it out. $11-$13 is my estimate.
Are people going to wait until the cash is coming in to justify that sp? no, they will take a risk-based approach to get in early to reap the imminent sp growth.
Should we be $12 now? No way. But as things get more and more inline for that inevitable revenue, we will transition towards $12 before the ops are at full tilt.

So, undervalued..? I would say yes, because I see it as a very high likelihood that we will have at least 2 more ops underway in the next 2-3 years. Plus solid product pricing growth on the cards. $6 now for $12 then..? No problem.
$4 now for $12 then..? even better!

btw FH, I know you know all this, just some thoughts for the broader community here to ponder...

Cheers

Expand

Markets look forward, yes. The not to distant future?

RE James Bay Environmental Assessment application.
Public comments for this end on the 19th of January.

Will it be 12 months or 24 months before a decision?
https://www.canada.ca/en/environmen...essments/basics-environmental-assessment.html

An environmental assessment conducted by the Agency must be completed within 365 days. This timeline starts when a notice of the commencement of the environmental assessment is posted on the Registry Internet site and ends when the Minister of the Environment makes a decision as to whether the designated project is likely to cause significant adverse environmental effects.
The Minister of the Environment may refer a project to a review panel within 60 days of the notice of commencement of an environmental assessment. An environmental assessment by a review panel needs to be completed within 24 months. This timeline starts when the proposed project is referred to a review panel and ends when the Minister of the Environment issues the environmental assessment decision statement.