The presentation reads very well but nothing really new other than GOR acquiring a new 100% owned application pending (Throssel Rise Project) comprising of 664 km2 in the far north of Yamarna.
Whilst they are still about 18 months away from fully funded, debt free production, they remain a very active, cashed up and highly prospective explorer with strong probability of further exploration success.
The presentation confirms what we have all known for some time, that GOR is "one of the lowest risk, lowest cost GLOBAL gold investments". So ... negligible downside IMO and strong growth potential over the next 18 months from either corporate play, significant exploration successes, rising gold price, new acquisitions or substantial re-rating as they move to high (debt free) profitability.
Ann: Investor Presentation - May 2017, page-3
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