You must mean the prop at 2.6 to force bidders at 2.7c??? :D...

You must mean the prop at 2.6 to force bidders at 2.7c???

There's no other way around it. THe project is valued as $10m USD for 10% or $17m USD for 15%. Calculate the market cap of GMC under those numbers and then consider the current market cap.

Three bag from here over a year IMO. Look at NSL. Same situation. As they have derisked and derisked the SP rose to it's current high 3's.

I'm in for the long haul with a decent holding and trading the waves with a smaller holding.

I won't be surprised to see 2.7 wiped by end of day.