OK amigo, today I topped up at 19.5c (couldn't wait any longer at 19c). IMO once the news of maiden drilling is announced later this month, the word will get around that GRL is a cashed-up new gold/copper explorer with huge tenements in the Lachlan fold belt. IMO, a market cap of $13 million is out of wack, especially when GRL has inherited a JORC-compliant resource of 0.4 million oz gold. And I almost forgot, rock chips at Gundagai have gold grades of a couple of hundred grams per ton (sorry, can't recall the exact figure) and at Copper Hill East they are drill-testing a copper/gold porphyryr system. The 400,000 shares at 20c must be a tempting target for anyone wanting to get a significant stake in this junior explorer at the IPO shareprice.
GRL Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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