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.
The economics are mediocre at best. The pegs are near vertical...
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Last
31.0¢ |
Change
0.005(1.64%) |
Mkt cap ! $87.84M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 34.0¢ | 31.0¢ | $264.3K | 807.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28328 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 6580 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
32.5¢ |
Change
0.005 ( 3.60 %) |
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| Open | High | Low | Volume | ||
| 32.5¢ | 34.3¢ | 31.8¢ | 100551 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| GL1 (ASX) Chart |