Post by
Buckfinder on Dec 19, 2020 5:30am
It`s all about AISC...
I think the share price depends on the effort of mangement to optimize the costs of the project in the direction layed down in PFS.
IF they really mangaged to achieve AISC 1,23 THEN the share price will be way above 2 cdn. As a "green copper project" it will be an attractive take over candidate too. The timing could come together with copper at 4 ....maybe a perfect world ??!!
With stating the producer status (expected before year end) there is a good chance to break out of the resistance area 1,17-1,23 (intrady high) and reach the old highs of 1,50.
The 1,5 level will be only broken with good news in the area of optimization IMHO!
GLTA
Comment by
LCP7777 on Dec 19, 2020 11:27am
I have met with Michael Haworth from Greenstone and Sr. Management on multiple occasions. My feeling is that for the right fair price it's for sale. Like anything...That said they are patient and in no hurry while trying to maximize that fair value.