GMD 4.19% $2.06 genesis minerals limited

yes I agree you must have read my mind. BGL is a great example....

  1. 5,627 Posts.
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    yes I agree you must have read my mind.

    BGL is a great example. CAI is another example with a short mine life and resulting low SP.

    To attract investor attention you need to have at least a 10 year mine life and produce at least 100oz pa.

    With the current reserves that would not be possible as I understand you can only include reserves in an FS and not all reserves will end up being mined. They need to build up reserves closer to 1.5m Oz to do the FS which I believe they will get to.
 
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