Technically, higher high on the weekly. Based on fibs first stop about 5c (market cap 21mln), followed by 7c (market cap 30mln).
Fundamentally, BTR stake @66c is equivalent to 3c per GML share. Cash is another 1c per share. Projects are valued at zero. So, if BTR does not move, then GML @5c and @7c would mean projects are valued at 4mln and 12mln. And, if BTR doubles as expected, GML @7c would still value their projects at zero.
Just reminding everyone that GML are continuing to explore in the Sandstone area, and BTR may come back to buy that as well in the future as part of their consolidation.
I reckon we will see much higher than 7c. Possibly 15c (market cap 65mln) and possibly before the end of the calendar year.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)