Following in US$
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.
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