Anyone manage to glean any information from this? I had a work meeting on at the same time so I couldn't attend. I did see that they have over 2 million in the bank still so that was a positive although I assume much of that will be spent on the diamond drilling. JORC resource expected for Nov 2022 for Narraburra was also a reasonable discussion point that highlights a potential opportunity
Still confused with the math on this share price. JORC resource at Lewis ponds of 400k ounces in USD - 400000 ounces = $741.4 million USD using 1300 usd per ounce as a cost to retrieve -520m 741-520million = 221million usd (should be market cap) current market cap = 7.9million aud or 5.47M USD
assuming that because we don't have the 1 million ounces that the market assumes that this isnt viable?
I'm happy to keep buying at these levels
GRL Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
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