GMM 0.00% 65.5¢ general mining corporation limited

@Batcher1 I completely agree that GMM is very under priced and...

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    @Batcher1 I completely agree that GMM is very under priced and may appear more expensive than it really is due to the share price.

    I am wondering what it should be worth considering that Mt Cattlin and James Bay are a given, plus they are already in production with some good minds amongst them and just a phone call away.

    Despite needing to make fairly negligible payments to GXY, and then still needing to construct James Bay which could should be done with the income from Mt Cattlin, worst case a small manageable loan.

    Being the only spodumene miner going to market for at least the next 12 months, and lithium prices moving north they are in a significantly exceptional position to get well ahead of their competitors.

    I am thinking the region of $300 - $400 million based on revenue stream and speculative value.

    That would make the share value between $1.00 and $1.30 which is very plausible.
    Last edited by Thesi: 20/04/16
 
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