On the back of the high grade and recovery REE Clays at Innouendy, confirmation that they run relatively consistent for 10km-20km strike length x 5km wide (50sq kms to 100sq kms), then we surely will see a market cap easily over $1Billion in a year, especially when you compare it to other REE market caps below and the sizes/grades of their deposits.
If Tony hits high-grade nickel copper sulphides at Dingo Pass, then we'll see the market cap lift similar to SIR's and CHN's, $500m-$600m only 60 days of discovery...
DM1 only has 63million shares on issue, so a $500m market cap would equate to a share price of $7.93 and $600m mkt cap would equate to $9.52 share price...
Don't forget what Dr Rob Stuart said when he mentioned SIR and their Nova DIscovery in the presentation yesterday...SIR was taken over for a couple of billion dollars happy days...$A1.8Billion, when the nickel price in AUD was 1/2 the price it is today.
$1.8Billion/63Million DM1 Shares = $28.57 share price
GLTA DM1 Shareholders....exciting times.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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1 | 399777 | 0.019 |
5 | 1197000 | 0.018 |
1 | 187560 | 0.016 |
2 | 166733 | 0.015 |
Price($) | Vol. | No. |
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0.022 | 188715 | 1 |
0.023 | 101539 | 1 |
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