GL1 released an MRE update today more than doubling their resource - which brings their EV/Resource down to more reasonable levels for an explorer. They also now have some runs on the board in the M&I category - which is required to convert to reserves. I have updated my resource comparison to reflect this as well as the latest share prices. GLN has now moved into the top spot for the cheapest brine play on an EV/LCE basis - previously held by VUL. Only EMH and JRL offer more LCE bang for your buck - yes obviously these are quite difference resources - but interesting nonetheless.
GL1 released an MRE update today more than doubling their...
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16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $77.01M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 16.0¢ | $24.20K | 148.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 1170113 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 453455 | 10 |
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| Last trade - 10.53am 11/07/2024 (20 minute delay) ? |
| GLN (ASX) Chart |