The economics are mediocre at best. The pegs are near vertical which is what is creating the 23:1 strip ratio.
Capex estimate is $430m. An equity raise at current SP to fund the capex bill would result in having to issue 130% of the register in new shares (I.e. the register would need to increase by more than double).
The PEA also used a spod price of $2,500 which is looking optimistic right now.
Most likely outcome is GL1 gets caught up in the non stop M&A activity at some point (look at the current majors sitting with blocking stakes) but it’s going to have to be at the right price.
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Last
27.5¢ |
Change
0.005(1.85%) |
Mkt cap ! $71.57M |
Open | High | Low | Value | Volume |
27.5¢ | 29.0¢ | 26.5¢ | $161.4K | 588.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 10909 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.270 |
1 | 20000 | 0.265 |
1 | 3000 | 0.260 |
3 | 51975 | 0.255 |
13 | 91936 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 10909 | 1 |
0.295 | 73300 | 2 |
0.300 | 226574 | 7 |
0.305 | 2015 | 1 |
0.310 | 70000 | 1 |
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