Australia's largest stock trading and investment forum Australia's #1 stock forum

GML

8.33%

2.6¢ gateway mining limited

GML Share Price, page-31

First 31 Last

Share
Profile

Follow
daicosisgod

13,125 Posts.

1364

27/09/21

12:18

Post #: 56372717
Share

Originally posted by tally49 ↑

Across in the Sandstone region, Harmanis is also a player in the likely rationalisation of gold resources owned by juniors that analysts expect will kick off before long.
Harmanis’ player status comes from his 12.3% stake in Gateway Mining (ASX:GML). It is trading at 1.8c which gives it a modest market cap despite its Gidgee project emerging as a high-grade gold camp.
Gateway already has a 240,000oz gold resource under its belt and it has flagged that there will be an upgrade to the figure, as well as maiden estimates at new deposits, by the end of the year.
While it can work away at establishing a bigger resource to support a stand-alone mine development, the whole process could be sped up through a consolidation of resources with those held by others to underpin a central processing plant.
Gateway will be in the thick of things should a consolidation of the Sandstone region get underway. Other players would be Horizon Gold (ASX: HRN, 35c), Alto Metals (ASX: AME, 8c), and Alto’s failed takeover suitor, Middle Island (ASX: MDI, 9.5c).

Expand

G'day tally49

Do you hold HRN,AME,MDI?

Do you have a background in gold/mining and is it the analysts that give you confidence that a consolidation may be coming or have you seen it elsewhere?

Just curious and still learning about this small cap/explorer space.

Cheers.....D

GML Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

What's causing the cost-of-living crisis, and how to navigate it

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint