Ann: Exceptional gold grades intersected at Mulga Bill, page-87

GBR has approx. 280 million shares on issue so at $0.11/share the market cap is still only around $31 million. This is relatively cheap IMO when you consider what GBR has:

- Blue Poles which is shaping up as a significant shallow gold discovery
- 75% of the Side Well Project which includes Mulga Bill which has just produced some excellent high grade Au hits and as per the presentation by GBR's MD Andrew Paterson is looking like it may be a bit like Doray's Wilbur lode. Doray went on the develop this into one of Australia's highest grade gold mines at Andy Well and Doray was capitalised at around $150 million prior to merging with Silver Lake Resources in 2019. Note that the Side Well Project is close to existing infrastructure including WGO's Blue Bird mill so if a significant high grade deposit is found it will likely be highly sought after by WGO etc and there will likely be no need to build expensive infrastructure
- GBR also holds the promising Yamarna Project which contains the Mt Venn base metal (including significant Ni) discovery
- IMO GBR's management is very good

All of this adds up to a very attractive risk/reward ratio IMO

GLTA and DYOR