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.
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The economics are mediocre at best. The pegs are near vertical...
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Last
32.0¢ |
Change
0.010(3.23%) |
Mkt cap ! $83.28M |
Open | High | Low | Value | Volume |
32.0¢ | 35.0¢ | 31.5¢ | $1.112M | 3.597M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 74671 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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35.0¢ | 73331 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4671 | 0.320 |
2 | 81500 | 0.315 |
4 | 37001 | 0.310 |
4 | 23938 | 0.305 |
3 | 32455 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 73331 | 2 |
0.355 | 4800 | 2 |
0.360 | 209943 | 4 |
0.365 | 110750 | 3 |
0.370 | 53698 | 3 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
32.0¢ |
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Change
0.010 ( 3.03 %) |
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Open | High | Low | Volume | ||
32.0¢ | 35.0¢ | 32.0¢ | 170448 | ||
Last updated 15.59pm 14/06/2024 ? |
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