After looking through the presentations this morning, I was surprised
1. How many 100% owned Stuart Shelf tenements we have, plus the JV tenements we have with IVR. 2. We also have two reasonable size tenements not far from DEG's Hemi, could be able to find some synergies if GOR find Au there as well. Deg is going to be an absolute Au monster. 3. The Greenvale tenements in QLD.
These tenements are in great areas, so there is a lot to look forward to. However dividends might might go on the back burner, until they work their new priorities. We could end up funding $40m per annum of exploration for a while.
GOR Price at posting:
$1.39 Sentiment: Buy Disclosure: Held
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