Ann: Gulf on Track for First DSO Sales, page-42

No argument with that other than I'd contend that a huge discount is currently being applied simply because its in Indonesia. Once confidence inevitably reverses around that issue then look how OM Holdings Limited (ASX:OMHhttp://www.omholdingsltd.com/) performed a couple of years ago from a similar initial market cap and share price. It topped out at A$1.70 and despite recent falls from $1.40 is still currently trading at $0.80! OMH has an analogous, although lower grade, manganese project in Malaysia. Many of its shareholders are believed to be monitoring the progress of GMC.