On subject of rhyme or reason, I lack both but Im in anyway
The mkt lacks what the thread title suggests also.
GMD now have a mkt cap of 372 mill. (Change of ownership and some big hitters coming onboard). Up 140% today.
GMD has the following.....
The current Mineral Resource of the Ulysses Gold Project stands at 27.3Mt @ 1.8g/t gold for 1,608,000 ounces of contained gold. This provides a strong foundation for Genesis’ development as a future mid-tier Australian gold company.
This is likely to be an underground development (which is obviously feasible according to NST- grade maybe dragged down a bit 1.8 g/t probably misleadingly low, but still).
AUT - Canadian based. (Im putting this a slight disadvantage becuase of iron ore i.e - Aussy dollar weakness will support Aussie producers more than Canadian - but its not huge).
mkt cap $130 mill.
30 mill cash (although most cash reqd for earn in to 80% of project).
Resource wise.
8.8Mt @ 8.1 g/t for 1.7 million ounces.
Yep, the reource needs to defined a little more but four rigs on site doing the business so newsflow will be good.
In short same size resource as GMD with a much higher grade at 1/3 the price.
Probably to simplistic and if Ive missed anything call it out.
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Last
96.8¢ |
Change
0.028(2.93%) |
Mkt cap ! $457.8M |
Open | High | Low | Value | Volume |
94.0¢ | 97.5¢ | 93.0¢ | $767.7K | 807.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 5591 | 96.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
97.0¢ | 33502 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 26279 | 0.960 |
6 | 21261 | 0.955 |
8 | 84823 | 0.950 |
7 | 218383 | 0.945 |
3 | 13396 | 0.940 |
Price($) | Vol. | No. |
---|---|---|
0.970 | 33502 | 7 |
0.975 | 38101 | 9 |
0.980 | 149901 | 10 |
0.985 | 26813 | 7 |
0.990 | 17918 | 3 |
Last trade - 11.53am 27/08/2024 (20 minute delay) ? |
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