Is it possible that GXY will fall back to $1.50?, page-2

so basically a cash shell hey?

- $330m+ in cold hard cash,
- Sold less than half of SdV for $400m, still have the main half ( so say its worth half what it was given change in market sentiment but also some development - $200m)
- $15m in LPD
- A yield optimised functioning mine and assets $100m
- James bay $20m
- Potential tax refunds of say $10m
- $50m debt facility if needed
- Even in a down market, shiuldnt be impossible with some effort to squeeze some EBITDA out of Mt.Cattlin - say its worth $30m p.a. - i wont even bother trying to add a P/E multiple value

So liquid and relatively liquidatable assets of ~$700m...
407m shares

so relatively straightforward to squeeze out $1.72 per share from GXY now...


Yup...$1.5 sounds just about right!

hopefully this explains how absolutely ludicrous value there is in GXY right now!