GL1 0.00% 24.5¢ global lithium resources limited

GL1 Megathread, page-607

  1. 41 Posts.
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    I think 30-40mt for Manna is spot on, however exploration at Marble Bar does not appear to have been as fruitful so I would not expect a large increase here.

    Nevertheless, Global Lithium’s value is well supported by Manna. I expect the upgrade to indicate the deposit remains open along strike, which leaves the door open to further increases. A 30-40mt resource will mean Manna is next in line to become Australia’s next ‘major’ lithium mine behind CXO’s Finness and LTR’s Kathleen Valley. With respective market Caps of 2.8b (19mt) and 4.3b (156mt). A few more boxes ticked and soon the only thing separating Global from CXOs/LTRs market cap is time – and time is money.
 
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