I wonder wether this will edge back to 20c on low volume since those wanting out have now surrended their holdings.
Very low volume I know so lets see how it plays out over August and beyond till the end of the year as further news progresses.
It's going to be an interesting year. I smell new highs coming soon and probably a crack at 30c by the end of teh year as it would be fair value for the amount of work by then;
- JORC
- PFS, moving into BFS
- Off take agreements.
That's got to be worth a Market Cap of $60-$70M.
To put into perspective, I believe the Linc Energy IPO in 2006 was done with a Market Cap of $80M and a similar stage to where GLX is heading.
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