The reason is that GL1 was using US$2500 for Scoping study. PMT and WR1 was using US$1375. If GL1 uses $1375, I cannot imaging what will be the NPV. I guess the NPV will be around A$500-700M. I admitted that GL1 is greatly under valued, but it is not the good time continue the DFS and release the results. The process in Australia is much faster than those ones in Canada. It may take 3-5 years to get the permits in Canada, so they need to keep the project running. The down cycle is almost reach the end. Just be patient and wait for the uptrend.
GL1 Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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