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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Ann: 10 Year Strategic Spodumene Concentrate Offtake Agreement, page-12
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $49.51M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.0¢ | $78.76K | 398.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 107543 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 39022 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 107543 | 0.190 |
6 | 259677 | 0.185 |
11 | 204715 | 0.180 |
2 | 36000 | 0.175 |
3 | 42261 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 39022 | 4 |
0.200 | 69396 | 2 |
0.205 | 85458 | 3 |
0.210 | 15805 | 1 |
0.220 | 250 | 1 |
Last trade - 15.59pm 14/11/2024 (20 minute delay) ? |
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GL1 (ASX) Chart |