On sale today, is it too good of an opportunity to past at 33.5 or 34c? I dunno for now, this market has done some strange things, but for the long term probably.
And this is a strange situation right now, but can it get any stranger? There is such a massive market value difference between advanced hardrock explorers and this. Now let's look at the longer picture, say if this was making 70-100m profit in the next 2 years in the earlier stages of production, is a 140m mc a fair valuation?
Here's a different sector for example (and yes I believe Americans can value their tech stocks ridiculously), but when a stock like NVIDIA only made approx 29.75b income for a 1.9 trillion dollar company in the last 4 quarters (According to Google when the quarterly figures are added up)? Would 140m mc be a fair valuation for GLN in production? This is what investors need to ask themselves.
It would seem like the market is betting for complete utter failure at the moment, and I do not believe it, I believe market has got it wrong (many other holders don't believe it either). How can it happen? When governments are bent on transitioning to more battery storage, when this is cheaper to run than hard rock producers? If this were to flop, so would every single Li explorer out there, and I just don't see that happening.
(And I am not even for a mandatory energy transition, but believe we need all the options left on the table to support a growing global population.)
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