GMM 0.00% 65.5¢ general mining corporation limited

Lithium Price Rocket Launch, page-29

  1. 6,376 Posts.
    lightbulb Created with Sketch. 2614
    For GXY to succeed they need us to succeed, it is that simple.

    If GMM fail they take GXY out as they can't pay their debts.

    GMM 300m shs MC @ 27c = $84m GXY 1.1b shs MC @ 17c = $187m

    After costs, our 50% of EBITDA should be worth around $21m, assuming we can get $US600/t. On current pricing that should be VERY conservative.

    After paying GXY and spending $5m on James Bay, there is money in the kitty for developing JB.
    If there are repetitions of the Dowling pit, we could double production over a couple of years, then double again when JB comes on line. In 5 years time as lithium is still accelerating in use, we could easily have $80m+ of EBITDA without borrowing much at all, if lithium prices stay where they are.

    Lithium prices could easily double again over the next 18 months.
    Could GMM hit $1 in 2016? with ease.

    Then we have tantalum to sell.
 
watchlist Created with Sketch. Add GMM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.