The current Manna resource sits at 36.0Mt @ 1.13% Li2O4. It wouldn't surprise me if it increases to over 50.0Mt @ a higher grade. This should propel the MC to over $200m (in these current market conditions) as the project becomes commercially viable.
My understanding is that Min Res and its subsidiaries have transportable processing plants and offer the full suite of pit-to-port mining and mining logistics services – including exploration, planning, mine design ...(google this, its there for everyone to see) Therefore, once GL1 achieves its Environmental and Native Title agreements, the mining lease will be expected to be granted and GL1 can move quickly into some kind of production, utilising Min Res's services.
The current MC of $115m is laughable v's its counterparts, is significantly de risked and has qualified sophisticated investors on board. I agree that the SP will bounce hard within the next few months.
DYOR
GL1 Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
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