Ann: GMN Appoints Porphyry Expert, page-18

Announcement from 4th June said they raised $1.12m at 6.5c.

A substantial part of that was invested by the ex-RIO adviser who joined 2 weeks ago.

My thoughts are that GMN have never changed the story. They have stuck to the premise that a large porphyry exists in the area and results to date have supported this. Over the years they have refined their approach, refined their methods and refined the specific target zones. Now with drilling seemingly showing they are getting closer and closer to the hot zone, I'd say it's just a matter of time before they prove the size and quality. I think they will be in a position to delineate a resource once the drilling is complete, and then focus on improving it. If they prove a quality deposit I assume the company will want to partner with a 'big brother' to develop it (or farm out). The ex BHP and ex RIO and ex SFR staff they have on the team now may be helpful in that regard.