I agree Geemoney. (I'm not trying to cross-promote ALK but let's compare.) Reports suggest that Alkane has a very good chance of a porphyry gold-copper system at Boda and it has a market cap of over $500 million. ALK also has other assets and cash flow, but my estimate is that about 50% of ALK's market cap came after the Boda discovery. GRL is located within the areas where gold porphyrys like Boda can be found, and MEI's market cap is about $14 million (with about 5 times less shares than ALK). Cadia (Newcrest) is another porphyry system in the area and it is now the largest gold producing mine in Australia. GRL already has a gold JORC of about 0.4 mil oz and GRL's drilling at Mt Aubery is underway as we speak. IMO now is the time to hold shares in a specky like GRL. The drilling should indicate whether a porpyry is possible and we should hear news soon. We need some patience and good luck, amigo.
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1 | 90905 | 0.011 |
2 | 3050000 | 0.010 |
3 | 2500999 | 0.001 |
0 | 0 | 0.000 |
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