Ann: Change in substantial holding-GRY.AX, page-3

JID

one thing worth point out is that - before the market overcooked back in 11 - GRY was pushimg a 4mtpa heap - not 2mtpa.

But - if i recall rightly - needed around $1300 usd gold price to work - and obv tghe capital appetite to suppor the larger project.

but - given effectively not 1 but 2 dfs level studies + extraordinary per ounce cheapness + a board now known to be open to a deal - the inherent optionality in GRY atm is among the greatest ive ever seen for a developer.