Once the DFS for Sal de Vida comes out GXY will get a spike in their share price. But once third and fourth quarter financials come out GMM will go ballistic. 2017 price of +7000/t with an AUD 0.70 will also boost the P/E
Don't forget the ongoing drilling campaign. If the NE structural trend at Mt Cattlin delivers then the mine life could be +20 years.
Just imagine production at 200KtPA for 20 years with inflated prices for the next few years $7/8000/t....
mouthwatering stuff.
GMM Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
