All seems to be progressing nicely. Well done management.
I am putting this in the bottom drawer, and ignoring until 2023.
Presumably, there will be the obligatory dilution and mine delay, then optimization.
So by 2023 it is hopefully starting to hum, at which point I expect it to trade at a 30 percent discount to NPV, which will by then be around USD250 to 300m.
So with 50 percent dilution, and NPV discount, our stake will be worth around AUD120m, making it a five bagger.
Mica and the gold price will be swing factors, but am sleeping very well with this one.
GLTA
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