Ann: Market Update, page-9

Amigos, the last few days show us how rapidly things can change with a specky that has a very small number of shares on issue. GRL has about 65 million shares and a market cap of about $10 million. They already have a JORC of about 0.4 million oz gold in good territory and have really just started to explore some of their areas following their IP in late in 2019. Now if GRL makes a good discovery and their JORC goes to 2 million oz gold, then I'm guessing, based on watching the ASX for a while, that the market cap should go to at least $200 million during that discovery period. It would mean that the share price could increase for GRL from 14 cents to $2.80. And the price rise could be very dramatic - just look at how the shareprice has jumped around in the last fortnight with only the smallest amount of news.