Extremely entertaining and interesting. The Mt Thirsty JV has...

Extremely entertaining and interesting.

The Mt Thirsty JV has been subject to so much speculation and hope, with so little progress to date. I bought in to Barra before it rebadged as GSR mainly on the strength of their gold prospects at Burbanks, which always looked excellent. There was a brief flurry of excitement regarding the Mt Thirsty Cobalt JV ahead of the Mt T feasibility study, then mostly silence....

After a long period of exploration at Burbanks, but not a lot of action, the JV mine there is now in production and GSR looks like they are a good chance of being a successful gold producer.

Meanwhile, the Cobalt and Ni prices have been booming and Mt Thirsty has looked more and more viable as a result. Interesting to see a revised NPV figure of $712m in today's announcement. And now the GAL drill results right next door tell us we have a "Nearology" potential for PGE's.

I still think gold is the main game for GSR, but I must admit that Mt Thirsty is looking better and better....

Cheers

Dave