GMM general mining corporation limited

Strachan upgrades Mt Cattlin

  1. 1,658 Posts.
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    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
 
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