Amigo, in previous announcements GRL gave the JORC of gold for...

Amigo, in previous announcements GRL gave the JORC of gold for Lewis Ponds at 400,000 oz (plus other metal credits). That means the inground value of gold alone is roughly 400,000 x A$2,500 = A$1,000 million. And GRL will add to that JORC by including 1) results of drilling earlier this year plus 2) the mineralistion found in the recent re-examination of old cores plus 3) the results for the Quarry Lode. Earlier this year I rang the old CEO, David Greenwood, to ask about the type of mineralisation at Lewis Ponds. He said that Lewis Ponds is looking like a profitable underground mine from near-surface to depth, then to drill deeper to follow the veins to a source. The metallurgy has shown that a farily straighforward process recovers the gold and other metals. The Quarry Lode was a major discovery this year. Let's hope the drilling program substantially increases its strike near surface. Perhaps if things go well, it could develop into the lode for start-up mining? (Note: GRL owns the property where Lewis Ponds is located, so that eliminates problems of negotiation with the landowner.) Looking good for shareholders, IMO.