As it is still an exploration company. I would pay more attention to its Quarterly Cash Flow Report. Its cash burnt rate is important, particularly in the present climate where cash is almost king and expensive.
Its June 30, 2008 Balane Sheet shows that a big chunk of its assets is made up of "Deferred exploration costs".
I don't hold GLM.
Just my opinion, not an advice.
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As it is still an exploration company. I would pay more...
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