Current price here is pretty bloody cheap!! MC = $360mil.
The market doesn't actually like it when companies announce mass drilling programs because they see "money spending" for the chance of finding something.
But in this particular case, I believe they know the resource is there so I feel it has a smaller risk compared to other companies with their drilling campaigns.
With $70mil in the bank, Project valuation = $290mil (total $360mil company value) all in sunny WA and in mining jurisdictions, makes GL1 pretty compelling.
GL1 is definitely back on my radar.
IMO, not investment advice.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-9
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Last
28.8¢ |
Change
0.003(0.88%) |
Mkt cap ! $74.17M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 27.5¢ | $49.38K | 173.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 329 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 49201 | 4 |
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| Last trade - 12.06pm 19/06/2024 (20 minute delay) ? |
| GL1 (ASX) Chart |