With the drilling that we are paying for, do GXY get 50% of the new resource or is it all ours? With the deals in place I'm not up on all of them, so was just wondering.
Should we have found some significant repetitions of the Dowling pit resource, then it makes the whole project worth so much more, with in my opinion a larger processing plant on the cards very quickly, ie expanding to 2 or 3mt/a. It will be the lithium/spodumene that can be developed quickest anywhere in the world so the more I think of it the more I hope the current rise is associated with drill results.
Good results from drilling would see a massive gap up, and the SP is poised for exactly that right now!! My own plan is too buy a lot more shares should such an event happen, as a large repetition layer be found, even with a gap up!! Here is to crossing fingers and toes.
GMM Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
