Gmm is going great guns, the global broking firm Canaccord Genuity. As Hartleys have done previously Cannacord are also now attributing material value ($100m) to GMM 50% share in the James Bay Lithium project. They have also increased their production assumptions from Mt Cattlin giving a new price target of 95c. Also interesting to note this increase target does not assume an increase in next year’s spodumeme price, i.e. if spod prices move up to $800/t (highly likely in my view) from $600/t current share price target moves to $1.31.
Hey with is the next fortnight or so this might change again (going up)
GMM Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held
