I can't locate the GMM one at the moment but the accompanying Canaccord report on GXY is here and the same info is pertinent as to how they view the companies, earnings, assets etc - and the logic behind market cap and the 95c rating for GMM.
Canaccord did another low-ball job on GMM - but treat it as a conservative analysis of the shape of the company from this standing start. It at least shows they are confident in its prospects. One of the most disappointing features was only pricing 40m for James Bay,
an asset that would be the crown jewel for any other Australian lithium miner.
After the disappointing morning dump the stock is even more ridiculously under-valued that I'm looking around the house for anything I can sell to raise more cash - wife, children,pot-plant, flat-screen.
Best of luck to all holders. Hang in there.
GMM Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
