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GRX

Greenx Metals Limited

Basic Resources First-pass screen £148m
310/1000 Overall fit
AI beneficiary 35% 25
Operating leverage 25% 30
Valuation 25% 25
Downside protection 15% 55

First-pass take

Pre-revenue mineral explorer with zero AI exposure. Early-stage Greenland antimony-gold and German copper projects; no revenue, burning A$2.3m per half-year. Contingent £252m+ arbitration award against Poland faces set-away motions. 1.5–2 year cash runway absent capital raise. No valuation data disclosed; high execution and geopolitical risk.

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