GRL godolphin resources limited

Ann: NSW Projects Exploration Update, page-4

  1. 542 Posts.
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    Lewis Ponds is an old project with a long history of being talked up to the market dating back to the 1990s. They need to demonstrate that previously described issues with metallurgy and ground conditions are solvable and do not detract from the value of the project. There is lots of metal in the ground, which is why I am a holder. Also polymetallic projects are a hard sell, with people having to get their heads around multiple commodities and think in metal equivalence or Net Smelter Returns. Compare to the troubles groups like AMI and RVR have where gold is only part of the story.
    GLTAH
 
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