Cannacord talk of Mt Cattlin NPV $300m! & James Bay $40m!
No wonder they are still buying according to broker data.
Every other price target they have placed on GMM has been smashed. It's time imo for fair value appreciation and the 95c target to succumb to the same continued theme.
No debt here, A current Australian producing mine with potential resource expansion underway, a 200kt output target and rising Spodumene prices as hard rock is the most efficient lithium processing to ramp up to the forecasted Lithium demand/consumption and deficit. Brines take years to ramp up and are proving complicated to develop and to perfect a quality end product with consistent output volume.
James Bay is an incredible asset to have access to in Canada, I wish they'd update the website and start promoting just how well positioned the company is here.
GMM Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held