Ann: GL1: Third Rig Mobilises to the Manna Lithium Project, page-39

Watched the interview at GL1 CEO. He was extremely bullish with having an economic resource in Q4 namely Manna, reading in between the lines. Very rudimentary, Assuming GL1 becomes a 2 B company, ex dilution, it is x3 from current valuation. IF GL1 is 2 B $ then our 20% Is worth 320$ (Assuming Manna is 80% of GL1) + 50M in GL1 shares + 20M total 400M. If you put 400M market cap on top of the current 78M it is roughly 1,5$ in share price terms. This would translate in x6 times from today evaluation. So if you have a view that GL1 brings Manna to production the share price upside in BRB is double than in GL1 itself, excluding gold. The other reflection is why GL1 deployed a drilling program 3 times bigger at Marble bar than Manna ? Are they really the smartest on the planet ?