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0.6¢ gulf manganese corporation limited

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135 Posts.

85

17/01/18

01:22

Post #: 30358427
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Originally posted by GunnerGecks ↑

I would say market rerating to 2.5c would be 2x smelter arrival into Kupang.
DSO (if ever approved) - looking around 4c-5c based on potential to generate 1million in revenue per month. Not sure if this is going to be approved. Most likely will rerate around 2c+ on arrival of smelters which was scheduled for December17. Hopefully this is completed end of Jan early Feb. Obviously the construction of the first two furnaces which is scheduled for H1 of this year is another massive step forward if completed. Now that there is enough money to proceed with the milestones for this year I am expecting a rerate to 9c+ if commisioning of first two furnaces is announced in second half of the year. For those who are patient on this one "if GMC can get the first two furnaces up and running to produce significant cashflow this can be a big winner in the coming years".

If positive news from due diligence and JORC statement for the mine they are looking at purchasing could be another massive step forward. Will this need a cap raise to purchase? Hopefully not but a possibility.

Lots of things happening in the next 6-12 months for the company. I don't know about everyone else but Im very excited for what's to come.

GLTA

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GMC Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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