This is just my personal opinion and why i am still invested in GNM and yes I am underwater at the current price of 0.009.
Now what is the upside and down side of this drilling.
The downside is the current deep diamond drilling of the quite promising "hinge zone" with its quite high hits back in May comes up with nothing. Then its just a JORC of the shallow gold they have found so far down to 180 metres which can be dug up put in trucks and sent to the crushing mill. That could by anything from 300,000oz to 650,000oz (we don't know until we see the JORC), given the shallow gold system they have so far uncovered.
The updside is as per the geological rock formation of the area we have previously been shown with state mining diagrams is the only area of QLD that is similar to the Victorian gold fields so even higher grades maybe deeper. So if they find even higher gold grades deeper then we maybe sitting on top of a fair dinkum deep gold mine.
Who knows, but at least we can hope or dream of a xmas present either shallow or deep with this explorer.
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