I think they are promoting what we have been wanting GBR to start doing…….that is to dig up the easy Ozs and generate some cashflow.
A re-rate will come faster if we embrace the producer side while continueing exploration. They highlighted the fact that Westgold (while doing a deal with OAR for content for the mill) still believe they can get better value from exploring their own patch instead of buy prospects around them.
With explorers values not being very high, Westgold can afford to wait and see who blinks first.
RMS is doing the same with Spartan, they took an ~18% interest in Spartan (as they are well advanced) and will wait and see which direction they should go.
AP has talked up the Mining side lately and hinted at a bigger player (not Westgold) with more of a technical background would be interested in our resource.
This is what I got out of the Money for Mine podcast.
GBR Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
