But what is Mt C making now?
GXY alone would be going from lithium producer back to lithium developer. That is not an attractive proposition for company valuation. Good luck with a significant capital raise at the lows and no meaningful experience in brine operations. Even if James Bay permitting was 6-months ahead of where it ended up there would still be a transition period.
The merger was the right move. Pretty much the worse case here is some projects get delayed or sold. The company is still in a strong financial position with conservative management that is unlikely to put the company at risk of going broke. That’s the most important point.
General Discussion, page-1304
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$5.16 |
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Mkt cap ! $1.911B | |||
| Open | High | Low | Value | Volume |
| $5.07 | $5.19 | $5.07 | $7.639M | 1.485M |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.19 | 2805 | 2 |
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