G1A 0.00% 5.9¢ galena mining limited

Agree with this Davisite (seems I’m always agreeing with...

  1. 4,216 Posts.
    lightbulb Created with Sketch. 2108

    Agree with this Davisite (seems I’m always agreeing with you).

    G1A might well get the finance in place first... but.. it will get taken out by a major at some point. Project is too good;


    With an NPV of AU$528M and circa 370M SOI (Fully diluted) we have a NPV/Share of AU$1.42 with current SP of AU$0.17, that to me says this is severely undervalued


    Finance secured (by debt only) we should be trading at around 50% of that NPV/Share value at a base 70c imo...


    So we are basically looking at a 300% profit potential upside if they can secure capital in a sector with long history of institutional financial lending, investment and payability of tier 1 projects.. which is exactly what G1A has. Seeing AM is a money guy that tells me exactly capital is close


    This is the way I look at it and that’s why I think this is a no brainer


    Time will tell if I continue being right in my investment strategy or not


    All IMO and DYOR

    GL

 
watchlist Created with Sketch. Add G1A (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.