I reckon GL1 will be OK.
I'm assuming Manna will end up at 50M tonnes at >1% which is probably about the bare minimum size needed for a mine in the future. The smaller guys are really going to struggle to make money, and even GL1's costs will be much higher than a PLS or LTR so makes it harder to get finance and ride out the downturns.
But I believe GL1 has an Ace up their sleeve given that they have no offtake agreements as yet.
If they can structure the right deal with the right party, then they should be able to develop this and have it fully funded.
However, I am not opposed to MIN acquiring us for a very large premium in the meantime if that were to happen.
Lithium prices appear to have bottomed and heading back in the right direction so we should be back above $1/share before too long.
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $79.38M |
Open | High | Low | Value | Volume |
30.5¢ | 31.0¢ | 30.0¢ | $27.49K | 90.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 27885 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 39236 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 27885 | 0.295 |
2 | 10900 | 0.290 |
2 | 17426 | 0.285 |
2 | 17614 | 0.280 |
3 | 47548 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 39682 | 5 |
0.310 | 53621 | 3 |
0.315 | 93188 | 3 |
0.320 | 62886 | 2 |
0.330 | 38222 | 3 |
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