GML target price, page-214

I can throw a thousand gaps at you that haven't been closed so basing an investment thesis on the disposition that all gaps must close is ridiculous.

Not saying it can't/won't happen here but it is not uncommon for a explorers to leave breakaway gaps at the early stages of a discovery, and if the discovery is proven up, those gaps simply never get filled.

Although the SOI is far from ideal, GML is a very old company and a large portion of the register is at least owned by long-term strategic holders/insiders.

Unfortunately punters are going to have to pay a premium for the stock now as it has now been incrementally de-risked and will continue to be de-risked over the coming weeks/months.

Drilling at Montague-Boulder just wrapped up on Monday, which means the final 4km of holes will have just been sent off to the labs. As for the previous ~4km of holes, you'd think they'd have been sent off at the beginning of the month which means next announcement could be 2 or so weeks off IMO.

Are we likely to see a 50% retrace to close the gap at 2c when the next lot of results are so close, I doubt it. 5c target looking likely short term if results continue to impress..

GLTH