GMM general mining corporation limited
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Strachan upgrades Mt Cattlin

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    1,658 Posts.
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    03/05/16
    15:53
    Post #: 17665056
    Strachan have revalued Mt Cattlin.
    This is a Galaxy document (again) but the figures hold true for GMM's 50% stake too.

    "Strachan Corporate calculates a pretax NPV8 of $454 million for Galaxy’s interest in Mt Cattlin."

    James Bay adds another negligible $25m USD in this report and Spodumene prices are conservative.
    Nevertheless a very decent upgrade with lots of good numbers that are applicable to GMM investors.

    Have a read
    http://galaxylithium.businesscatalyst.com/Investor/reports/Strachan-GXY29April2016.pdf

    thanks @Thesi for finding it
    GMM Price at posting: 55.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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