GNM 0.00% 1.3¢ great northern minerals limited

tibbs advice re gnm, page-2

  1. 12,454 Posts.
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    Jad

    No problems .. its hard to give advice to another. I generaly just post my views on a stock & its merits, & leave the rest to others.

    With MAK it has run hard and so might suite seasoned traders who have spare cash & are risk-tolerant.

    If you feel ou fit that sort of bill, then the merits of a part investment in MAK are:

    1] It has still not reached its top yet
    2] small amount of shares on issue
    3] unique deposit that is world class & of worl significance
    4] Rock phosphate & DAP prices on the rise
    5] Beside the 100mill/t high-grade resource, the deposit is huge, and couls still grow significantly
    6] Despite the SP rise so far, the MAK is still small at around $120mill ... compare that to AGS which has only 25% of a $7bill deposit at Bev 4mile, yet has a $280mill MC. MAK has a $4bill resource in the high-grade portion alone - Based on this, MAK should have a MC of around $560mill and be trading at around $5 plus to even be level with AGS.



 
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Last trade - 15.30pm 29/03/2024 (20 minute delay) ?
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