The purchase of the Laverton Project was obviously to achieve the ASPIRE 400 objective. The path is through the Barnicoat mill (1.5Mtpa). However for the long term viability, they have to assess the gold in the ground and hence the mentioning of lots of drilling to de-risk the project. Given the way GMD progresses with their work, I think by August they will have a very good idea on where they are going and with that a good foundation for a revised 10-yr plan to be announced in September. If the announcement confirm the timeline of 400Koz/yr, then $11 is my target price (everything being what it is now).
GLTA.
GMD Price at posting:
$4.51 Sentiment: Buy Disclosure: Held
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