GNM 6.67% 1.6¢ great northern minerals limited

gpp the last lithuim runner

  1. 6,950 Posts.
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    STT comp GPP, long​


    given the very strong lithium market atm, most stocks have risen and what use to be a base MC before drilling was around 15 million.​

    now it's getting closer to 25 to 30 million MC.​


    GPP MC only 17 million​

    SP 1.8c​

    cash approx. 2.4 million​

    EV only 14.6 million​


    comparison major lithium explorers would include​


    - 4CE MC 28 million ( before drilling)​

    - ADV MC 21 million​

    - LRS MC 44 million ( only drilling was high grade but shallow widths)​

    to me it seems GPP have been missed in the lithium rerate of late, I know management have not really been on the ball of late but​

    the market is ready to throw some money at them they just need a reason too.​

    drilling is not yet confirmed but they have budget a higher amount for this quarter so I expect drilling to commence within a few months. Acclamation has just started the past two days at 1.8 cents, and the weekly chart is turning up so a safe time to buy imo with lithium sector very strong and gpp bottoming around 1.5 cents for a few months. ​

    Morabisi​
    is there flag ship lithium project which has received high grade samples below ​


    Assays of up to 2.41% LiO2 recorded from the latest batch of analyses.​

    • Thus far over 130 samples from Turesi have been collected of which ~​

    40 confirm assays greater than +1% and 10 greater than +2%. ​

    • Approximately 50% of Turesi analyses now received with the remainder expected over the coming weeks.​

    • Further assay results will be released as they come to hand.​


    if you compare these assays with 4ce or LRS, GPP are much better results.​

    I suspect when drilling is announced there SP will rise to at least 3 cents or around a 30 million MC imo.​
 
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