,
7 tweets,
3 min read
Read on Twitter
3. Project is in #uranium friendly Niger which means mine has chance to move to production within next few years (targeting 2021)
4. Deposit has potential for open pit mine
5. Deposit open at depth and along strike so upside to extend and upgrade mineral resources
4. Deposit has potential for open pit mine
5. Deposit open at depth and along strike so upside to extend and upgrade mineral resources
6. Low initial capital requirement of US$35M to start mining; no mill required because planning to use nearby Orano mill (w/ signed MOU)
7. #uranium bull market is in the early stages
7. #uranium bull market is in the early stages
8. Low market cap of ~$40M USD ($45M fully diluted) w/ 20% insider ownership and low debt of ~$700K USD as of last financials
9. Funded: company recently completed raise of $10M in equity financing
9. Funded: company recently completed raise of $10M in equity financing
10. Company is not really followed -- hardly mentioned even in #uranium circles
11. Insider buying: CEO Stephen Roman just bought 150,000 shares at today's market closing price
12. But wait there's more
11. Insider buying: CEO Stephen Roman just bought 150,000 shares at today's market closing price
12. But wait there's more
13. $GLO has a 49% interest in a profitable zinc recycling business that generates High grade ~70% zinc concentrate. Plant is currently being upgraded to double capacity. In 2020 the total estimated revenue is $50M USD w/ EBITDA of $33M USD (w/ 49% attributable to $GLO).
