opaline, one thing i can tell you ,they wont be raising cap. at anything under $1.30 , we know they need to raise cap. but we also know they will raise it at a much higher price , which is really double from where it is now,and the board have said they will fund whatever work needs to be done in the interim, the lithium project will be very profitable , initially they will be looking at a throughput of a million tonnes of ore at 14% spodumene , which equals 140k tonnes at 450usd gives us 63mill.USD if it even cost them 25mil to produce they still pocket 38mill.USD, which is massive for their mrkt. cap then all their other projects, of which i think shoemaker will be the most talked about , this week they will be there, carrying out some small amount of drilling at shoemaker ,which results will be available in two to three weeks
GXY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
