GMD 0.47% $2.12 genesis minerals limited

Ann: Ulysses Mineral Resource Update, page-11

  1. 1,473 Posts.
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    EV/Resource = $38/oz.

    Seems ludicrously cheap, but the same could be said of plenty of other speccy stocks out there. This end of the market has been trash for quite some time now.

    I think once there is absolute clarity as to management's strategy moving forward, this stock will move higher. Or it will be taken out. 867,000 contained ounces at solid grade aren't to be sneezed at. On the watchlist for now.
 
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