A 15MT lithium resource at 1.5% at current prices would definitely be worth $800M+ (obviously depending on CAPEX / financing requirements). If the company can pull that off alone it is huge multiples of its current market cap.
Hopefully Gibsons is the goods too.
Risk / reward here is a very good tradeoff. Is Gibsons and Mavis Lake are both successful we have a monster. If just one is, we still have multiples current MC
Ann: Massive Sulphides Intersected in Second Drill Hole - Gibsons, page-9
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $15.70M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $19.12K | 2.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 5936150 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 847366 | 3 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| CRR (ASX) Chart |