GMM
Click for more information
0.00% 65.5¢ general mining corporation limited

Strachan upgrades Mt Cattlin

  1. airconditioner
    1,589 Posts.
    lightbulb Created with Sketch. 1267
    clock Created with Sketch.
    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
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 
watchlist Created with Sketch. Add GMM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.