GRY remains one of the most undervalued stocks in the gold-space imo. Alongside AMX,PVM and PRU.
Developers have been hit hardest amidst the anti-gold sentiment in the last two years, because of their near term need to raise a large sum of cash to get mines built. Investors fear of hefty dilutions and so forth , hence the orphan period we always invariably see in these kinds of stocks.
Mark my words. If/when these guys can show they have secured funding for the project , the rerating potential could be of x10 multibagging magnitude.
Fortunes have been made and lost in the gold stock space in the last 5 years. I believe those that have endured the losses and have held on are soon to be rewarded for their patience, especially if they've buying more down here.
I personally have now got my GRY average below 20c.
GRY Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
