Brenden todays announcement was simply a "target" not a JORC. Its what the company beleives is there down and they are targeting that tonnage with their drilling program. The clarification statement is standard by the ASX, GBG has to issue what their actual JORC compliant resource is. This is old news, the resource has been this size since September 2007. However this will change with the current drilling programs.
GBG management are experienced, never seem to over estimate or create hype so its certain that 80 to 100mt is down there.
Yes GBG could pull back anytime, however if you understand the resource and value in the JV then you will know GBG is still significantly undervalued. I suggest you do some reading. I won't sell and try and buy back in at a lower price because your really just gambling with your money.
PS: A lot of new GBG fans in here now, lol.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
