The market is expecting 50mt or over in the MRE, expected by June end.
If this is the case, there will undoubtedly be a GAP UP, even better if there is a quality upgrade to go with it.
With the already increased recovery rates as mentioned in Ron's presso above, GL1 becomes a very attractive and significantly de-risked project.
One would expect that the SP would climb rather quickly to around 80c/$1.00. ($200m/$260m MC).
The MC would still be lower v's other Li Australian counterparts for the resource that it will have.
IMO,
GL1 Megathread, page-2024
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Last
26.0¢ |
Change
0.005(1.96%) |
Mkt cap ! $67.66M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 26.0¢ | 25.0¢ | $35.99K | 139.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 180995 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 3790 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| GL1 (ASX) Chart |