Damo, GSR did state they were developing through a low grade plunge with the decline and this was a trial of the extraction circuits. You still don't throw away 1.36g to the ton. GSR got a decline into the high grade with this effort. That should not be forgotten in light of the 96 million shares FMR Pty Ltd hold in GSR. I think there is further leverage there when they get stuck into the bonanza grades. There isn't many that come to mind with these grades as announced. Also consider a recent post, repeated below.
Gold is about to run given this is the third time futures have risen above $US1800 as per this morning's figures.
Gold Futures - Feb 23 (GCG3)
Real-time capital.com
1,801.15
+3.15(+0.18%)
GSR Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held