I think it is in a unique position:
1. A low MC.
2. Production. Many at this level are just explorers.
3. A growing and open resource.
4. A tier 1 jurisdiction.
5. Funded from income for exploration.
6. A management team that has expertise in exploration and production. Many don't.
7. A fairly unloved commodity in terms of price, but with good demand from purchasers.
IMO it is substantially undervalued at current levels, by multiples rather than just a bit. Such disconnects tend to not last forever, tending to re-pricing or takeovers.
GLTA.
Ann: Significant Increase in Jericho Ore Reserve, page-22
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Last
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $256.8M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.8¢ | 45.0¢ | $171.6K | 378.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28387 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 266 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| A1M (ASX) Chart |