Biggest issue is geology. I have heard that the grades do not hang together with respect to geological structure. There are multiple ore zones with poor continuity. Apparently its complex. If they can sort out how it fits together could be a much stronger market reaction.
The second issue is tonnage. Whilst good grades are nice, the market will be waiting to see if there is a decent deposit there or not. The next set of drill results will be critical to market reaction.
The good buying this week though in my view is a good sign. After GBG's rise over the past few months there are a few profit takers and the buyers are soaking them up nicely. In my view the odds are GBG will push higher with the next announcment.
I am a recent buyer at current prices so I am biased.....
acturtle
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