Regardless of the drilling results from Tijirit (which may once again prove nearology is as accuate as tea leaves), the good news is that I would think that successful results and Mauritania exploration targets/leases are not factored into GRYs shareprice at all at the moment.
Therefore, neutral/dud results should have minimal effect on the GRY shareprice whereas very good results will re-focus investors to the potential of our Mauritania leases, especially Tijirit being 'right next door' to Tasiast (7.5m oz reserves of gold).
Got a feeling that a massive last quarter of the FY is coming up for GRY in regards to exploration, DFS, gold price and corporate activity.
GRY Price at posting:
87.0¢ Sentiment: Buy Disclosure: Held