GMM 0.00% 65.5¢ general mining corporation limited

Strachan upgrades Mt Cattlin, page-15

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    on valuation :
    Strachan's report gives GXY a 23.9c valuation of the current state of Mt Cattlin for their half.
    We have less than 25% of the shares on offer as GXY - so it values Mt Cattlin alone at approx 96c - plus 7c(!) for James Bay.
    This is before additional production ramping-up and based on a low $660USD/t price for spodumene next year. That price should be 10-20% higher.
    Add a plant at James Bay and GMM should be north of $2.00
 
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