Well, a cracker of an announcement and it all fell on deaf ears. I just don't think GMD is on people's radars. They are quiet achievers!
Ulysses has turned out to be a brilliant purchase, let's not forget it only cost them only $375k back in 2015, with a JORC resource of 138,000 oz.
On a conservative $60 oz valuation (given the grade, location and exploration potential), I'd say it's worth at least $45mill today. My rough guess is that they have added ounces at just over $10 per oz discovery cost. That is phenomenal, with plenty of drilling to come.
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Last
$5.05 |
Change
-0.250(4.72%) |
Mkt cap ! $5.710B | |||
| Open | High | Low | Value | Volume |
| $5.32 | $5.32 | $5.05 | $212.1M | 41.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 104 | $5.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.12 | 127541 | 3 |
View Market Depth
| Last trade - 16.14pm 19/09/2025 (20 minute delay) ? |
| GMD (ASX) Chart |