GRL godolphin resources limited

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Good analysis. From your figures, the underground ore value is...

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phillop

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25/08/20

07:24

Post #: 46784665
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Originally posted by magus: ↑

I thought I would share one of the reasons why I believe GRL is very undervalued.

The table below is the current in ground values of the existing Lewis Ponds resource based on the original GRL prospectus.

I have used current metal prices and an USD exchange rate of around 72c

Since listing the prices of gold, silver and copper have risen strongly and the values of lead and zinc are about the same.
Remember this is only for Lewis Ponds and doesnt include GRLs other projects. I would expect this resource to increase with further exploration. The recently released soil sampling is certainly encouraging.

The table above shows an in ground value of around 3.3 billion AUD. Not bad for a company with a current market cap of around 14 million. Also of note is the in ground value of the silver is nearly that of the gold.

Exciting times ahead for GRL shareholders.

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Good analysis. From your figures, the underground ore value is USD$158.29. A gold equivalent value of 2.52g/t, which is fairly low for an underground resource, unless block cave of sublevel caving.

GRL Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $4.039M

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