Think bigger people.
If they get a producing mine up and running in the next few years, they will be a MINIMUM $1.5 Billion market cap company.
Even with some dilution, it would be 4 - 5 times the current SP.
And that's probably conservative.
GL1 is easily a $5 stock by end 2023 and most likely $10 in 2024 / 2025.
Assuming Spodumene pricing stays at similar to current levels and that they follow the evolution of other similar Lithium producers and near term producers.
I would not be selling any core holdings at this early stage.
This will follow a similar path to CXO in my view - which is a $1.5 Billion dollar company without being in production yet.
No reason at all why GL1 can't emulate this success over the next 18-24 months.
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Last
26.0¢ |
Change
-0.010(3.70%) |
Mkt cap ! $70.35M |
Open | High | Low | Value | Volume |
27.5¢ | 28.0¢ | 25.5¢ | $47.64K | 178.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 5408 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 8404 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 5408 | 0.260 |
4 | 66186 | 0.255 |
5 | 28164 | 0.250 |
5 | 28949 | 0.245 |
5 | 178938 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 8404 | 2 |
0.270 | 44674 | 2 |
0.275 | 6923 | 1 |
0.280 | 94694 | 8 |
0.285 | 153613 | 4 |
Last trade - 15.37pm 11/10/2024 (20 minute delay) ? |
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