Geomega Resources Inc V.GMA

Alternate Symbol(s): GOMRF

Metals & Mining Industrial Metals & Minerals

Geomega Resources Inc. is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Quebec. The Company is a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials. Through its wholly owned subsidiary Innord Inc. (Innord), the Company is developing innovative technologies for extraction and separation of rare earth elements and other critical and strategic metals from its mining properties and other mining and industrial waste in an environmentally sustainable way. With a focus on renewable energies, vehicle electrification, automation and reduction in energy usage, rare earth magnets or neo-magnets (NdFeB) are at the center of all these technologies. The two most advanced projects for the Company are the rare earth magnet recycling and bauxite residue processing and vaporization. It also owns the Montviel rare earth carbonatite deposit.

TSXV:GMA - Post by User

Geomega Resources Inc

Bullboard Posts

Post by Mouloukon Nov 13, 2019 10:55pm

118 Views

Post# 30348446

Share price: is it time?

For years, we have not discussed about the share price potential. For a few months now, GMA provided us with numbers:

First plant 10 million in revenues, $2 M net benefits;
possibility to increase it to $30 M, $6M Net benefits;
2nd plant,same, so $60 M sales, $12 M net benefits;

We are far from the $82B mentioned by Dany Deadlock for the value of Montviel, but GMA has a solid business plan.

So with these numbers alone, and without considering the potential to refine other strategic metals, what should be the valuation of GMA (at least in the short term)?

Moulouk

Bullboard Posts

The top 5 mining dividend stocks in Canada