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.
Current price here is pretty bloody cheap!! MC = $360mil. The...
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Last
28.5¢ |
Change
-0.020(6.56%) |
Mkt cap ! $74.17M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 27.5¢ | $324.0K | 1.127M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22857 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 3000 | 1 |
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| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| GL1 (ASX) Chart |