Yes, if we ever prove out a deposit of any type then we may see a SIR type bounce. Unfortunately until then we are only worth whatever someone will pay. The main prospect of GMX for me is the extensive licensed area's that they have in mineral rich PNG. But that still makes GMX an extremely high risk/high reward punt.
With Vale paying the bills (until 2015), we still live in hope.
I do wish we had more independent money to throw at locating Keveri (Nickle) Source, that was/is looking promising.
If the assay results prove encouraging then hopefully Vale will authorize or step up the drilling program next season.
GMX Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held