2023

Here we are in 2023 and the question remains will all these moving parts finally fall into place for GCY?
We are potentially re-entering a gold equity bull market in 2023 which could result in a huge change of luck for the often-maligned GCY.
The drill results of 2022 have at least given GCY a better than fighting chance going into the 2nd half of FY23.
Bring on February 28th.
Maybe by then we will have a $3,000 AUD gold price?

Below is some increasingly bullish looking macro data for both gold and gold miners.




















What are some of GCY's options going forward?

Option 1: Small institutional fund underwritten cap raise/SPP of between 20 to 35 million to fund a 6 to 12-month drill program to flush out larger reserve/resource inventory.

Option 2: Larger institutional fund underwritten cap raise/SPP of between 70 to 85 million to fund exploration decline, 18 to 24-month drill program and 5 + YR LOM.

Option 3: Push toll treatment by offering too good to refuse toll treatment deal and use cashflow to fund small drill program.

Option 4: Non-core asset sales of Glenburgh, Yalgoo, etc to partially fund further drilling at Dalgaranga.

Option 5: Find JV buy-in partner to fund a further reinvigorated exploration (multiple rigs) the Dalgaranga tenement.

Option 6: Takeover by larger producer.

Option 7: Delphi funding package.

Option 8: Demerger and multiple IPO split into 3 separate companies (1. Dalgaranga Resources, 2, Glenburgh Resources, 3 Yalgoo Resources).

Option 9: Gold price explodes higher, now GCY can profitably process stockpiles to fund drill program.


Some of these may be pie in the sky or I may have missed a few other possible options...

Would be happy to hear others' opinions on other potential outcomes.

Wishing everyone all the best for the new year.