It would be absurd to make a direct comparison of producer IGO...

It would be absurd to make a direct comparison of producer IGO with GL1 (the former is a large Cu, Ni, & Li JV miner, making profits- GL1 is an explorer only, no profits now).

The principal points, however, in Gilham's analysis will, IMO, apply, eventually, to GL1. Both GL1 & IGO SP's have suffered greatly from the c .70% fall in Li prices (& for IGO, c. a 50% fall in Ni prices to Feb. 24- but Ni price has risen c. 30% since then).

HC Market Index/ & Wealth Within Chief Analyst D. Gilham 17.5.24 said

"The recent budget announcement unveiled a $23 billion dollar investment plan titled “A Future Made in Australia,” aimed at bolstering domestic manufacturing and fast-tracking the nation’s progress towards achieving net zero emissions
...the question it raises for investors is which ASX-listed companies will benefit significantly from these transformative policies.

One I believe will benefit isIGO, which, if I’m correct, could potentially make it an attractive buying opportunity. This is because the budget has earmarked $13.7 bn for production tax incentives in critical minerals processing, which is great news for IGO, given its involvement in mining and processing crucial minerals like nickel and copper.

To further sweeten the deal, a significant portion of the budget, approximately $19.7 b, will target initiatives promoting renewable energy, including tax breaks for lithium-ion investments. This aligns perfectly with IGO’s joint venture with Tianqi Lithium Corporation, which specialises in lithium mining (all emphases, mine) and refining...

'Future in Aussie' Budget boost could turn IGO into a Cinderella stock | 2024-05-17 | HotCopper


GL1 has JORC c. 54mt Li. The co. has implied that Manna, in particular, has good prospects to greatly increase its Li tonnes from the current 36mt.
Could GL1 be the beneficiary of these huge amounts of govt. funding? And also decide to refine it s Li?