Ann: High grade results continue at Mulga Bill, page-21

It is a good announcement. Nothing wrong with GBR, they are getting plenty of runs on the board. However the broader Macro environment has changed and interest rates are moving higher. What this means is liquidity is getting tight as money leaves the equity market to pay higher debt. Money is also moving into US bonds for fixed interest rates. The problem with this is that inflation is running at twice the interest rate, so real returns are actually negative. Once the FED pivots ( I'm hoping early next year late Q1 or Q2) gold and GBR will be set for take off.