GL1 2.56% 19.0¢ global lithium resources limited

Ann: 10 Year Strategic Spodumene Concentrate Offtake Agreement, page-12

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  1. 3,153 Posts.
    lightbulb Created with Sketch. 1553
    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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