Ann: Initial Results outline significant gold system at Big Rush, page-4

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blueskymine01

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16/09/20

09:05

Post #: 47373155
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Originally posted by Artvandelay01 ↑

Impeccable timing given our discussions in the other thread.

Still digesting the Ann but looks to me to be more good news.

I’ve said it before and I’ll say it again, GNM reminds me of a poor man’s CNB. I don’t say that to disparage GNM, as it’s still a significant position for me and I’m very bullish on its prospects, but CNB is a very special company IMO. Hopefully I don’t get pinged for cross promotion because that’s not what this is, but for GNM holders the relevance here is that CNB recently sold its tailings stockpile for $6m - there’s an Ann in August if you are interested. Point being, if the assay results are decent I can see GNM going down a similar path. That is what they are flagging here IMO. That would potentially provide the start up capital needed to fund the company through to its next milestones limiting further near term dilution.

@gottalove, thought you might be interested in this one. Another QLD goldie looking to go down a similar route to CNB. Cap structure not as tight, management not as well credentialed and projects not as prospective IMO but still a lot of upside here IMO.

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Good post.

You would think if they hit similar numbers on the leach pile a decent JORC could be sized up. I only think it'd improve with further drilling. Strike seems pretty consistent at length and depth.
Big enough JORC would suggest a go ahead with a mine but lets see.

This may get a big of news in the papers up there and people taking a closer look.

Fair bit of news over the next month which is good too.

GNM Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
5 Upvote

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Last 1.9¢		Change -0.002(7.50%)		Mkt cap ! $2.860M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.9¢	$2	123

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Price($)	Vol.	No.
0.020	634637	3
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Ann: Initial Results outline significant gold system at Big Rush, page-4

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