Strachan have revalued Mt Cattlin.
This is a Galaxy document (again) but the figures hold true for GMM's 50% stake too.
"Strachan Corporate calculates a pretax NPV8 of $454 million for Galaxy’s interest in Mt Cattlin."
James Bay adds another negligible $25m USD in this report and Spodumene prices are conservative.
Nevertheless a very decent upgrade with lots of good numbers that are applicable to GMM investors.
Have a read
http://galaxylithium.businesscatalyst.com/Investor/reports/Strachan-GXY29April2016.pdf
thanks
@Thesi for finding it