Watched the interview at GL1 CEO. He is extremely bullish in posting an economic resource in Q4 very likely to be Manna.
Very rudimentary, Assuming GL1 becomes a 2 B company, ex dilution, it is x3 from current valuation. With GL1 becoming a 2 B $ Company then BRB 20% Is worth 320$ (Assuming Manna is 80% of GL1) + 50M in GL1 shares + 20M total 400M. If you put 400M market cap on top of the current BRB 78M it is roughly 1,5$ in share price terms. This would translate in x6 times from today evaluation. So if you have a view that GL1 brings Manna to production the share price upside in BRB is double than in GL1 itself, excluding gold.
GL1 Megathread, page-457
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $48.20M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.5¢ | 18.0¢ | $108.0K | 588.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4611 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 38430 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| GL1 (ASX) Chart |