Think bigger people.
If they get a producing mine up and running in the next few years, they will be a MINIMUM $1.5 Billion market cap company.
Even with some dilution, it would be 4 - 5 times the current SP.
And that's probably conservative.
GL1 is easily a $5 stock by end 2023 and most likely $10 in 2024 / 2025.
Assuming Spodumene pricing stays at similar to current levels and that they follow the evolution of other similar Lithium producers and near term producers.
I would not be selling any core holdings at this early stage.
This will follow a similar path to CXO in my view - which is a $1.5 Billion dollar company without being in production yet.
No reason at all why GL1 can't emulate this success over the next 18-24 months.
Ann: 10 Year Strategic Spodumene Concentrate Offtake Agreement, page-12
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $50.81M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $21.97K | 110.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 126214 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 5000 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| GL1 (ASX) Chart |