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.
Morabisiis 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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