G1A 0.00% 5.9¢ galena mining limited

Agree with this Davisite (seems I’m always agreeing with...

  1. 3,230 Posts.
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    Agree with this Davisite (seems I’m always agreeing with you).

    G1A might well get the finance in place first... but.. it will get taken out by a major at some point. Project is too good;


    With an NPV of AU$528M and circa 370M SOI (Fully diluted) we have a NPV/Share of AU$1.42 with current SP of AU$0.17, that to me says this is severely undervalued


    Finance secured (by debt only) we should be trading at around 50% of that NPV/Share value at a base 70c imo...


    So we are basically looking at a 300% profit potential upside if they can secure capital in a sector with long history of institutional financial lending, investment and payability of tier 1 projects.. which is exactly what G1A has. Seeing AM is a money guy that tells me exactly capital is close


    This is the way I look at it and that’s why I think this is a no brainer


    Time will tell if I continue being right in my investment strategy or not


    All IMO and DYOR

    GL

 
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