I don't think would be able to get anywhere near $50/oz but I'd be satisfied if they flogged Banfora off for @$10 per resource oz = $36 million.
$36 million + $30 mil cash + $2mil stake in TAW - $4.8million forecasted expenditure Dec qtr = $63 million = @$0.155 per share.
Then give half the cash back to shareholders (in the form of an 8c dividend as a one off thankyou for sticking around during these tough times) and continue on as an WA explorer with $30 million in the bank.
As I have said before GRY has lots of options which the market hasn't factored in at all IMO. With over 8 million shares traded so far today at @5c avg, we are witnessing capitulation from a large holder I believe. The good news is someone has been equally busy on the buy side, capitalising on the opportunity.
I bought another large parcel today to bring my average down to 6c and have another order waiting in the mid 4's. Come on seller/s, finish off what you're doing and come and get me!
At $20 mil m/cap this is a rare opportunity to 'swap' CASH (ignoring GRY's book value of $164 million) at a significant discount. IMO it's akin to an honest person coming up to you in the street when the shops are closed and saying 'excuse me, but I desperately need some smaller change so I'm prepared to swap you my (authentic) $100 note for a $50 & a $20 if you have it on you'
