I see this as a timing issue and need to match CNJ in their drilling program, hence CR.
Why a timing issue . GSR have 30000t of high grade gold 11gpt to be tolled in july aug. They get 50% as revenue. That per my calcs is (2500x30000x 0.11× 0.5) = $4.1m. Happy for calc to be corrected. Plus they have a futher 40000t still to be tolled which is a further $5m cash in bank by XMAS. So i do see this as a once off CR before the revenue from Burbanks is continuous.(read here BONAZA GRADE last ann) So i would like get my retail share discount please before GSR goes boom shakalaka
GSR Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
