I assume that EVN might well end up doing a full JV on the ground. Makes sense given GSN owns the surrounding ground and management know each other. They would probably need to complete soil samples and narrow in on the obvious drill targets. A total of 19 targets and 3 very strong priorities is compelling. The data looks very strong for look-a-likes of scale. No mine lasts forever and EVN is no different.
The recent timeline suggests within 3 months to me. If these guys decide to drill 3 of the priority targets, then the stock will light up big time.
in the meantime, this seller has lost their stock at exactly the wrong time imo. This suggests they have their issues to deal with and thanks for the memories. GSN may need to suck up the dregs before drilling starts. I am expecting that next week. The stock should be 10 plus into that with any luck. Short term Aussie dollar strength is taking some lustre off gold stocks but life has shown us how short term that thinking is. Nothing’s changed for me. Onwards and upwards.
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