Ann: New Wide Intercepts Confirm Gilbey's Nth as a Game Changer, page-8

Ah the joys of holding a producer, who is finding more gold and making money..... when sentiment and the gold price are at pathetic levels

Some seriously amazing results.... Of course the whole team at GCY must be very excited about these results (plus... still a lot more to come).

Lots to unpack.



MRE still on the way, though... I get the feeling, it will keep being delayed, if they keep finding more gold. Which is a double edged sword, in the sense of developing a mine plan, which can only happen with firstly, and MRE, then, reserves (though... I note that the GCY feel confident enough to include ore from the East Wall, without reserves being booked).

Drilling to continue non-stop, but, it will become more measured, which they state is partially to balance out expenditure (being careful with the purse strings?). Hopefully this is just prudence, and nothing to do with leaner quarters to come.


'Bigger than even we could have imagined', SL needs to be careful, that sort of language is best saved for after the drill results prove it up (not saying I don't like the excitement, just... trying to be cautious). That being said, if his optimism is proven correct, wow....

He is def implying to me that there is serious potential for U/G operations if the striking shear goes deeper (happy to have actual miners comment on this), which is a very exciting future play for GCY, compared, to basically just open pit. More 'excitement', though... I want it coupled with profitable ounces being produced!

The chip logging is pointing to more good results. Cannot be denied, the GCY team have really put themselves on the map in an incredibly short time. Well done to all staff, and hopefully, this quarter sees both a good profit, and more incredible results.

Also very logical that they are moving the drilling focus to Plymouth and East Wall in the near term, as that is what is going to be mined. I guess these results give further credence to the recent article which mentioned a mine life into the 2030's.....