Geomega Resources Inc GOMRF

The EV tide rises all stocks

[goldman888]

GMA is a great stock. But how much is it worth? It has a market cap of $68 million, per my TD webroker quote. It has potential contracts and will be building a plant to process those potential contracts. Not sure when this plant will be built. 2021? 2022? 2023? Once upon a time, not too long ago, pot stocks were flying based on their potential. what is the potential of GMA? Does anyone know? I am looking for facts, not speculation Anyone? AS FULL DISCLOSURE I do not hold any GMA shares. Sold them all at $0.40. 150% profit. Just trying to understand what is the potential production capacity of the new plant, when it is going to be built, 2021, 2022 or 2023? How much potential revenue will this plant make? Fair questions.

[Cross19]

Regarding the potential revenues for the first plant, you'll find all your answers in the corporate presentation. (10 million revenue per year at 8h per day, 30 million at full capacity).

[Mike66]

The plant is supposed to be built very soon in 2021 to complete the information.

[Mike66]

Also the technology developed by GMA can be found everywhere on the planet where it is required and GMA will receive royalties for its use. The possibilities are huge $$$.

[Cross19]

Actually, realistically, I'm not expecting production to start before mid-second half of 2021 as the construction of plant has not started yet (which is fine...as long it's in 2021). And to complete my previous answer, It will be a 20% margin from the revenues (which could be higher I guess with the higher HREE prices.

[outonthetiles]

I concur. I say Sept/Oct before they are ready to roll out the magic machine. With a new tech there are bound to be delays.....esp with Covid still hoovering around. No big deal....I've waited 7 years.....what's another 7 months.

[zardoz00]

And don't forget that the expected magin is a net margin.  That would make it a pretty decent revenu stream enabling the company to grow at a fast pace.