Average value for ASX listed explorers/developers inground gold JORC resource ounces is now ~ $56 and following the recent share issue:
If GML announce an initial 250,000 oz resource, SP ~ 1.1c
If GML announce an initial 350,000 oz resource, SP ~ 1.5c
If GML announce an initial 450,000 oz resource, SP ~ 1.9c
With a current SP at 2.1c a resource of +500,000 oz will be the benchmark required IMO.
Then there are those many other factors to consider … Good luck …
……………………………………………………………………………………………….…… Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss
GML Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held
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