Hey Spec, thanks for the new report heads-up. As you have alluded to in the past, Gcy's new management seem to be very conservative and transparent with any new information since their relisting. After the previous admins failures, I guess they realise that they are working under more intense scrutiny this time around. Would love to see their luck change with the discovery of a decent low capex orebody in their Murchison tenement. Even something as low as 100,000 oz within trucking distance to their plant at a semi respectable grade would have a big impact on their LOM and production profiles. I am putting my money where my mouth is anyway, and looking at substantially increasing my holdings as soon as AUD gold price moves above GCY's average hedge price of $2546. This will make GCY my largest holding. I currently have positions in WAF, WGX, RMS, GOR and GCY. I still feel that the risk reward ratio is very compelling with the unloved and stigmatized GCY.
GCY Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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