How ridiculously cheap is this stock at the moment with more news to come. Take value of their investment in GL1 and Manna out of the equation and you are left with:-
THE GL1 DEAL Cash $6.5ml GL1 Investment $17.4mill $20Mill value of 20% Manna, MC of GL1 up $130mill+ since announcement. $10Mill on Mineral Resource of 250,000 tonnnes
Total $53mill
No Value on Ularring No Value on Li Production Milestone No Value on upcoming test drill results.
BRB current MC $81mill
Do the maths, be consertive and you are left with a hediously undervalued stock.
BRB Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
