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5.6¢ great boulder resources limited

Ann: Exceptional gold grades intersected at Mulga Bill, page-172

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GoldPirate

10,724 Posts.

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17/05/21

09:35

Post #: 53213276
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Originally posted by Von Rico: ↑

Great Boulder in the Right Place at the Right Time

At the time of the Andy Well discovery, back in 2013 gold was in the doldrums and trading at AU$1,400 yet on the strength of Andy's Well Doray was able to achieve a market cap of more than $200m whilst most mines were barely profitable. Well now the gold price is AU$2,370 and rising and with the extra $1,000 per oz all going to the bottom line, just think what this massive increase in profit what would this have done to the market cap back then.

Below is an extract from the ABC News back in 2013. For the full story click here:Low Australian dollar a boon for mining industry - ABC News

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I remember Andy Well from the mob that dug extremely high grade deposit from it many years back now. They couldn't replicate the grade elsewhere on the tenement & so, became unviable for them & they sold out to?... Was it Doray (DRM) that I'm talking about? The grade was insane @ the outset & run @ around 80c per share if I remember right...

Crap! I reread it & yes, Doray was the company. They ran out of the high grade (up to 14g/t deposits) very early on in the piece...

Last edited by GoldPirate: 17/05/21

GBR Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
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Last 5.6¢		Change 0.000(0.00%)		Mkt cap ! $33.96M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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1	172727	0.057
1	100000	0.056
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3	108680	0.053

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0.057	25000	1
0.058	58930	2
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0.060	126592	1
0.061	130000	1

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