top of page

global atomic corporation

Global | Mining | TSX-V:GLO

Underappreciated cash flow generator

Many investors believe that Global Atomic Corporation (GAC) is a uranium project developer in Niger. And, indeed, it is. But that is only one part of what GAC does and we believe that investors are unaware of the fact that GAC’s other business, a share in an EAF dust processing plant in Turkey, is cash flow positive and is undergoing an expansion which should make it considerably more cash flow positive.

GAC owns a 49% share in Befesa Silvermet Turkey, SL (BST), an EAF dust processor which produces up to 28Mlb per annum of payable zinc and which is undergoing an expansion to c.60Mlb pa capacity. We believe that this operation is being discounted by investors and represents considerable valuation upside.

Download PDF to read full article

Global Atomic 20 11 2018
Download PDF • 913KB


bottom of page