G1A 0.00% 5.9¢ galena mining limited

Ann: Galena Launches Abra Project Definitive Feasibility Study, page-14

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  1. 10,813 Posts.
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    It is really hard to give an answer to this as it depend on the grade cutoff they use to define the update MRE. They have been very conservative so far so there is plenty of room to grow. My best guess is we might see the total climb past 40 million tons, but where the major move should come is in the indicate range. This number is very important for financing.

    It is in a way rather pointless to try and guess the real resource size. There is well over 100 million tons of ore at Abra that can be economically extracted assuming the lead price stays around the historical average.

    As for plough's comment on why G1A is so undervalued I think it is just a function of an unsexy area (lead is not lithium or vanadium) and how few shareholders there are - there just aren't many of us telling people about G1A. Once G1A gets to the DFS and attracts more insto interest everything will change. I don't mind waiting for this, but I would hate to see G1A taken out by one of the big players before we get there.
    Last edited by Davisite: 12/10/18
 
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