Like the rest of us Mahlon, we are all waiting with baited breath for some good news from GML. It is possible that we could see a ML before the end of the financial year, but I suspect latter in the year. When it does happen, the SP should rise substantially (hopefully as you suggest), but probably drop back from it's high over time until the next major announcement. An announcement that finance is arranged for construction phase of the project, and allocation of contracts. This will see another share price rise. However, during construction and until commissioning, the SP will probably ease back.
Given the quality of the resource that GML have, I don't understand why the SP is not higher already....
What I believe may happen, page-2
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