Yep. ~160k oz produced historically from shallow pits. Could see the JORC released in 2021 being 300k+ potentially (they have talked about 1/2 mil oz resource) although that’s just me speculating. Assuming POG of A$2600 there’s a very significant revenue opportunity, of course capex and AISC will determine the viability or not of an economic mining operation but the shiny stuff seems to be at shallow depths and if they can extract and process it using a heap leaching operation as they have done historically the capex should be relatively modest from what I understand. All for a $15m MC.
I’m invested in a bunch of other juniors that are offering a lot less, and are a lot less advanced, but are trading at a premium to GNM. SP should right itself over time IMO...
not advice etc
Ann: Diamond Drilling at Big Rush & Assay Results Heap Leach Pad, page-14
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