Good morning all21 Apr 2019 11:55
GCM is sitting on 570 million tons of coal, perfect for use in a power station. If someone actually wants the coal and it sold for just 100 dollars a ton (a very low price), over a 30 year period, (prices will rise of course), that would be total resource value of 57 billion dollars minimum!!. If GCM was valued at just 100th of that!!, that is still a MCAP of 570million dollars, or approx 440 million pounds. 18x higher than the current MCAP of 24million pounds. SP approx. Β£4.32. Simple assessment and calculations I know, but it does show what amazing potential GCM has (As long as someone wants the coal out of the ground !!!!!!!!!!!) Happy Easter everyone, a day of hope. GLA