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,
The market is expecting 50mt or over in the MRE, expected by...
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $45.60M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $38.13K | 212.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104569 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 7973 | 1 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| GL1 (ASX) Chart |