Now:
Cash - $68m
Market Cap - $680m
Enterprise value - $612m
As as 31st October:
Current Cash - $68 + $257 (POSCO funds) + $10 (approx Profit from next shipment @ 22kt) = $335m
Market Cap - $680m
Enterprise value - $345m
So effectively the market is valuing the 3 assets, MC, SDV and JB at US$345. Which really is disjointed given the fact that we sold 30% of SDV for US$280 alone.
Please note: This does not factor in any further cash proceeds from the partnership as SDV.
Any rebound in lithium sector (global) will see GXY share price double very quickly.
GXY Price at posting:
$2.34 Sentiment: Buy Disclosure: Held