Cheers for sharing all that Red. Very pleased to hear that Glenburgh is not going to palmed off for peanuts, especially when I have always viewed it as the more prospective project GCY has owned
Cannot help but be dissapointed that he has not been able to secure any 3rd party ore at this stage, but.... RTR is likely being greedy with their Western Queen asset, and of course the likes of MGV prefer to sit and get paid to dig holes.... anyway, it is what it is. If he does discover enough gold to ensure Dalgaranga can be feed of its own volition, well, the companies fortunes will dramtically change.
Nice announcement today confirming that the Gilbey's North discovery may well turn out to be a true extension of the main pit (though they need to do a lot more drilling to prove that). Also looking forward to seeing what they can get out of Hendricks.
I won't spend much time on the Yalgoo asset being benched..... other than just a great big fat 'Damn'. Truly GCY has been a story of just how pivotal the right team is when at the helm.
SL is rightly excited, as the Stage 3 was based solely on low grades with huge stripping costs... this could potenitally change the whole Stage 3, if they can justify opening up Gilbey North to get cheap ounces.... while doing the large Stage 3 in tandem. Could open up the 200k+ ounces in Stage 3 (that is just my estimate), plus whatever else they get at Gilbey's north.
Hopefully you get time to chat/share with SL in the future.
GCY Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
(20min delay)