Firstly
GL1 have heavy Chinese on the register, and Dr Chen buys every 6 months actually…
GL1 test work indicates we have a 5.6 – 6.5% product
GL1 has recovery 70 % (Both things they are working to improve)
We have 36MT at Mana with 60000 RC drilling pending, so let’s upgrade that, plus they have MB
We are now worth under 200 million
Secondly
CXO product is 5%
CXO recovery is 47 – 50%
CXO have 30MT
They were also worth over 2 BILLION at their peak and now sit at around 400 million in maintenance mode…
Imagine going into production with only a 50% recovery of product? Well those idiots did.
GL1 are not stupid. Our register is just goddamn weak in this market.
FirstlyGL1 have heavy Chinese on the register, and Dr Chen buys...
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Last
20.0¢ |
Change
-0.015(6.98%) |
Mkt cap ! $52.11M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 20.0¢ | $68.95K | 337.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 173964 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 68112 | 4 |
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| Last trade - 13.46pm 11/11/2024 (20 minute delay) ? |
| GL1 (ASX) Chart |