But what is Mt C making now?
GXY alone would be going from lithium producer back to lithium developer. That is not an attractive proposition for company valuation. Good luck with a significant capital raise at the lows and no meaningful experience in brine operations. Even if James Bay permitting was 6-months ahead of where it ended up there would still be a transition period.
The merger was the right move. Pretty much the worse case here is some projects get delayed or sold. The company is still in a strong financial position with conservative management that is unlikely to put the company at risk of going broke. That’s the most important point.
General Discussion, page-1304
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$5.18 |
Change
0.190(3.81%) |
Mkt cap ! $1.961B | |||
| Open | High | Low | Value | Volume |
| $5.24 | $5.32 | $5.11 | $33.40M | 6.453M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | $5.16 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.18 | 11896 | 3 |
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