Morning @Ladytradr - a very nice set of results to wake up to. Gold in 100% of the holes and 5 out of those 6 holes reporting pretty good and shallow grades.
What do we know, 100% - Further confirmation that additional drilling results due at Comet Vale and Vivien not far away, with Vivien MRE due in only a few weeks and an updated MRE for Comet Vale after that. - With 8 rigs drilling we can almost expect weekly / bi-weekly drilling results from here on in.
OK, you asked a question about your guestimate of an additional 70,000 ounces and yes, I understand that at this stage we don't really know. However, I think this play is much larger than that and we should probably look at a bigger picture. The new management is not on board for incremental gains and are looking for a quantum uplift.. so let's compare GG8 (at present - ignoring the 70,000 oz you guesstimated to Simon's Spartan (SPR).
So that supports my view to expect a material share price increase in the coming period of well in excess of ~41c....
New management have the experience and have put significant $$ into GG8 and want a quantum uplift, measured in multiples, not incremental %..
What do you think? and of course DYOR.. have a top day..
GG8 Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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