It really depends how far out you want to look.
First stage is finding the resource = $$?
Second stage is proving up the resource size = $$ but more
Third stage is what they do with it. Sell/JV/go it alone?
We know producing results in about $9k USD/t profit at HM, so I don't see why if the resource is there, GLN couldn't produce in line with POSCO's goal of 25,000 tpa. That's over $300 mil profit p.a. alone and on a PE of 10 is a $3B MC or on 20 is $6B.
Long long long way to go but depending on how much you believe in the company, the possibility is there for enormous gains.
It really depends how far out you want to look.First stage is...
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