Deep Drill

With the run up in 2015 with the gold price recently both in US and more importantly Australian dollars here, and deep drilling results expect to come soon, holders are looking forward to 2015.

I have put an extract from an article just after Digger and Dealers from Ian Murray in the WA news in August 2014 to put in perspective what might have been found here.

As we know since then the gold price has dramatically improved and holders are awaiting hopefully more positive news with recent deep drill results, looking to see if there is any extension to resources indicated to date.

If Ian Murray was saying in August 2014 the Gruyere deposit was worth 5.5 billion I ask holders what is it potentially worth today??

Added to that point the other recent positive initial drill results released prior to Christmas and IMO the stock looks very undervalued and cheap.

Hopefully things continue to be positive in 2015 and should they deliver the goods it hopefully will be some very exciting times ahead for all holders in the stock.

Good Luck to all.  

Cheers Aussie

A PERTH exploration firm which recorded the biggest market capitalisation growth of any WA-listed gold company last year has told Diggers and Dealers there is “plenty more to come”.

In a turbulent year in which the price of gold rose 8.3 per cent, Gold Road Resources massively outperformed the market thanks to a discovery made just after last year’s conference.

Gold Road Resources’ market capitalisation increased 664 per cent in 2013/14, from $20 million to $149 million, and now sits at about $180 million.

Executive chairman Ian Murray today told delegates that at today’s prices the gold in the ground value of its Gruyere discovery, 150km east of Laverton, was $5.5 billion.