GMC - FA, TA

Well, definitely management would have waited for couple of more days rather bringing GMC back to trading now.
Off course, lot of selling will be done tomorrow to lock in heavy profit from recent placement holders plus panic selling but cashed up & knowledgeable/calculated buyers would match up the sellers at right price (based on Cash + Project Status + Possible Future Revenue/Profit Margin). This could take few weeks to settle down but again could be the last chance to get GMC below 2-3c.

I am a Holder and freed up more cash today so along with others, I will be a buyer tomorrow at right price....But no one would dare to provide price target for at least next couple of weeks or couple of months.....

Below FA would only come in play after few weeks;

Now shares on issued : Near 2b (excluding option for now).
At 2c Market cap near $40m (EV $28m, considering $12m cash injection)
At 3c Market cap near $60m (EV $48m, considering $12m cash injection)

Gulf trying to start production with 22,000 tpa to 155,000 tpa
Revenue USD 1500 = AUD 2000
Net Operating Margin USD 691 = AUD 921 (Considering FeMn price of USD 1500)
Ofcourse based on quality of the commodity, the price would be up or down but we consider this for now.

@22,000 tpa Revenue = AUD 2000  x 22,000 = AUD 44m/annum (approx)
@22,000 tpa Net Operating Margin = AUD 921 x 22,000 = AUD 20m/annum (approx)

@155,000 tpa Revnue  = AUD 2000  x 155,000 = AUD 310m/annum (approx)
@155,000 tpa Net Operating Margin = AUD 921 x 155,000 = AUD 142m/annum (approx)

Hence, believe once production news is out; GMC could be trading around  2 to 5 time of its revenue; which is at least AUD 90 m to AUD 284m (at 2 x revenue)

Please feel free to correct me as I ain't technically sound or understand mining/commodity at its best.