good to know what is in the ground. with $30m cash at last counting and a now defined total Indicated and Inferred Mineral Resource of 69.6Mt @ 1.0%Li 2O at its Manna and Marble Bar Lithium projects, each Mt of Lithium is in terms of GL1's market cap valued less than A$1m. Is that really fair value or cheap as chips? I would say, let the bidding commence for one or both of the projects. I am sure today's figures will have been telegraphed to the Gina's, PLS's or MIN's of this world. A director buying loads at 60c does not happen without reason, and cycle or not cycle, I reckon that will be the absolute minimum asking price.
Ann: 43% Increase in Manna Lithium Deposit Mineral Resource, page-7
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $57.32M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.5¢ | $1.585K | 7.043K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 13177 | 3 |
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| GL1 (ASX) Chart |