A tad concerned about no clear direction with a Lewis Ponds feasibility study and Mount Aubrey placed on the back burner. There is a glorious gold resource at the Aubrey and clearly the last few rounds of drilling set the project up for some further testing of both encouraging long deep intercepts and a bulging eastern vein extension (refer to previous releases). Mt Aubrey needs to be advanced to production potential or sale. Sale is a great option as us poor punters do not need more dilution full stop. What is the story now with Copper Hill East? Our Turrawonga discovery has to endure age dating and petrology studies when all that is needed is for that great coincident gold and copper soil anomaly and a clear stock-like deep target drilled, drilled and drilled again. Curiously the VAMS expert has now been placed onto this lease region which makes me ponder if the focus is on the east where a big vein system may hide gold? Sounds like a good change in focus but GRL needs to explain this further. The new GRL team is clearly dominated by ex mine and advanced project people so where is the focus on developing mines? Does the great new work plan fit the team? Time will tell but I hope it does and I hope GRL get on with unlocking our true value and really bring projects up to the status of development and equally importantly sale. GRL needs to look at funding future work not just through CRs after encouraging results but sale of projects that others like Alkane could bring into production to feed their hungry mill. In a nutshell, the release is what we want but some additional areas I think lack direction.
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A tad concerned about no clear direction with a Lewis Ponds...
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Price($) | Vol. | No. |
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