Yeah I think your mostly right, I must admit i expected a gold/copper or coal mine to be honest.
I have read the announcement about 4 times and did some number crunching of my own which tells me that GLM have picked this up at a bargain price. I also worked out that if they produce 110 000 tonnes per year @ approx $200.00 per tonne it means $22 Million dollars. Is that right?
I think when the news gets around to some brokers/instos we might begin to see some more interest in this stock.
Does anyone think that we may see a re-rating of the stock in the near future.
Personally I was a little shocked at the start of the day but by the end of the day I think i'm feeling alot more optimistic.
Anyway only time will tell....
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