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5.9¢ galena mining limited

Retire50, couldn’t agree more. A share split of at least 5 to 1...

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20/01/18

20:30

Post #: 30440743
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Originally posted by retire50 ↑

Its not just about the drilling, this is past speculation stuff. its about the tonnes per year, capex and opex and net profit.
we can estimate the resource already and conservatively it is +10 million tonnes of lead at 10%.
It they concentrate 1 million tonnes a year. $2200 usd tonne is the current lead price.
This should make over $140million profit / year.
With a capex of +-150million to build a concentration plant it will be paid off in a year.
Only 55 million shares on issue still and they wont need to issue more shares for a fair while as plenty of cash.
I personally think a share split is needed to get some more shares out there and this thing will really move.
Upside of $3-4 in the next 12 months and either a takeover or massive dividends to shareholders if they build the plant themselves. Its a winner

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Retire50, couldn’t agree more. A share split of at least 5 to 1 is needed to add liquidity. Wouldn’t be beyond the realms of possibility to see $1 post this split if the Pb price continues to do its thing.

G1A Price at posting: $1.18 Sentiment: Buy Disclosure: Not Held
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