My excel spreadsheet had GXY's fair value at 80c based on an assumed price of 600USD per tonne, at a conservative 120,000 per year.
Now that it is going to be closer to $905 my excel spreadsheet values it at $1.17. That is a 45% increase in value.
interesting that GXY has only gone up about 10% since the announcement.
Given this announcement increased my valuation by 45%, I should think that the share price should go up 45% over the coming month as everyone else prices it in (so all other things being equal, 65c is looking likely). Once the market truely wakes up, $1.17 is the number, in my view.
GXY Price at posting:
50.3¢ Sentiment: Buy Disclosure: Held
