GGG 8.24% 7.8¢ greenland minerals limited

Thanks Arj. I have no idea where the 2 cents came from. It...

  1. 81 Posts.
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    Thanks Arj. I have no idea where the 2 cents came from. It wasn't my prediction.
    As you said, the current MC and the current SP can both be multiplied out to whatever you want.
    I thought $200M was a fair prediction for the short term (maybe 12 to 18 months) given the fairly good progress over the past 12 months.
    But long term i thought no less than $750M which is more than 10 times the present price, or 65+- cents.
    Our product has quality, quantity and an (apparent) line up of customers.
    We have enough cash it seems, to fund remaining development costs.
    Where is the downside?
    Why would $750M be an unrealistic MC in a year or 2?
    Why is the price allowed to slumber at 6.5 when almost 2 years ago, when we were not as well placed, the SP was almost double at 12.7.
    NRO had a head ache and i might have had 1 too many Bundys but why is GGG so depressed?



 
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