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BigBrr

26 Posts.

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19/05/22

13:20

Post #: 61500520
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Originally posted by WhatsTheTip: ↑

That's the thing, IMO many of the obvious potential downfalls at this stage of development don't exist.
The grade is good and well above 1.0%
The ore starts near-surface which should keep costs lower during startup and mean minimal pre-strip costs
The ore has been tested and can be concentrated using DMS
DMS produces high recovery rates when concentrating the Ore
Identifying ore is easy as the surrounding rock is black, the Spod-bearing ore is light coloured which will keep ore recovery rates high relative to the potential resource in the ground
The ore is lithium within spodumene - At least one Australian miner is prospecting lithium bearing Lepidolite with a hint of Spod.
Canada has a strong legal legal system
The Seymour project is about 250km north of Thunder Bay where hydroxide/carbonate processing facilities are proposed
Proposed battery plants are close to Thunder Bay so the next step towards batteries only involves small transportation distances
Seymour is within 10km of existing railway links (although ADV did note plans to barge to Thunder Bay rather than use rail possibly due to rail taking a long route)
Potential green power sources (Hydro)
GT1 have a management team with experience
GT1 are well funded for this stage of development
Good cornerstone shareholders exist
The recent capital raise indicates obtaining finance for a DMS based mine is possible
Management have been adaptive and altered plans as drilling results have warranted this so you don't have stale set and forget management.

GT1 only have 80% of the Seymour resource that is what it is, rather than being a downfall.

GT1 are still early stage so they aren't yet derisked around off-takes, regulatory approvals and financing. That is normal at this stage. The published JORC resource is small but there is "substantial potential upside" to this.

GT1 have large plans as they intend to get into down-stream conversion. Typically companies looking to do this have a much larger market cap.

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Good work appreciate it!!!

What's your guess on the updated MRE coming??
GT1 Price at posting: 84.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

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(20min delay)
Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $9.503M

Open	High	Low	Value	Volume
2.0¢	2.0¢	1.9¢	$6.772K	339.9K

Buyers (Bids)

No.	Vol.	Price($)
3	102000	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	280250	2

View Market Depth

No.	Vol.	Price($)
3	102000	0.019
5	646000	0.018
4	402470	0.017
4	407500	0.016
3	766399	0.015

Price($)	Vol.	No.
0.020	280250	2
0.021	834374	5
0.022	490533	3
0.023	161000	4
0.024	241046	2

Last trade - 11.35am 18/06/2025 (20 minute delay)

GT1 (ASX) Chart

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GT1 - Megathread, page-7

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