This company has a long history and a lot of focus. Its well known by many investors who have parked it until this fateful day when Im sure they will come running home. Even FB websites about GGG have suddenly had 20 odd people wanting to join just today alone where they rarely get any. All trying to get in on the know. Even the Trading Halt announcement here on Hot Copper attracted 23,000 hits in one day and Im watching the view counter spin still. 23,000 is a lot of buyers when you only normally have a hundred or two on the boards. Luxury of being listed in three international exchanges I guess. Opens it up for much more buying potential which Ive always liked.
The EIA is not the ML sure. But the EIA is a massive advancement in obtaining it because the only real main concern for the company is based around the environmentals. Besides that GGG have world renown, the biggest international REE company in the world partnered and working with it and a massive 37 year,lowest cost, lowest CAPEX, most valuable REE resource I can find. Check the latest investor presentation to see on their website.
Given projected operational IRR of 76% plus given such Capex. Mind numbing $650mill turn over (not including a 20% rise in REEs since this time). At a market cap of half that currently. It doesnt take much to work out this one could go ten times this price in time, It to me looks well set to out stage Lynas without even entering into an extraction plant. Lynas only clears 320mill at PE20. So why wouldnt GGG hit $2.50 plus as well? Plus more with a LAMP as suggested by Shenghe in partnership and MOU in time. The skys the limit really.
Yet that is down the track. For now given the EIA is by far the largest hurdle. I really dont think at least 10% of this future sp potential is a huge ask. Which would be 50 cents plus. However Id prefer to see it move well beyond to 20% pretty fast. 70 cents plus considering this has always been such a tightly held stock with the institutions also waiting on side for this EIA no doubt. Then you have all the current international focus. Its going to add up as these views show and this is without the word even getting out yet!
Lets just see how we go I guess. Maybe it only hits 50 cents. Maybe it hits a $1. Id hope for in between within the months ahead. But be ready to surf a tsunami if that approval comes through...and if not and a few more bits of information are requested to finish up the EIA. Ill sit and paddle and wait the next wave cause either way its surely coming through.
Good luck all.
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