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5.9¢ galena mining limited

Thank you. Fingers crossed.

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Kamantea

3,099 Posts.

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01/11/19

14:22

Post #: 41201719
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Originally posted by RoosterRX: ↑

I've been thinking about this for a while.

Everything looks really good to me, but I hold the opinion that if market is right, and if I disagree with the market, then I must have missed something.

The NPV of Galena's 60% share of the asset at the time of the DFS accounts for around 60 cents per share, after tax. This can only have gotten better since the resource was upgraded and the price of lead has increased steadily since the DFS was released.

The only bear argument I've heard so far came from BNW who said that the world doesn't need more lead, and yet we've locked in sales for the next 10 years to IXM.

I'm really new to investing, so take my two cents for what it's worth. That said, if the mine is forecast to produce around double the market cap in profit by end of life with all debts paid off in the first few years, I'd expect the SP to at least double. I don't know when, though.
Is there any case for being bearish at this level?

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Thank you. Fingers crossed.

G1A Price at posting: 33.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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