GNL great gold mines nl

oops ok just noticed the 2.2 instead of 22m figure in the oct...

  1. SB2000
    31,084 Posts.
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    03/04/08
    09:37
    Post #: 3539560
    oops ok just noticed the 2.2 instead of 22m figure in the oct 2007 annoucements on the original rock assay results. So thats 2.2m x 100$ so seems a more realistic $220 million reserve. That said is it enough to be commercial given that theres a lot of area out there to cover yet with BHP and JMS land both nearby. Could easily be a lot bigger depends on drill results

    Still given the 20m$ market cap and a $220m reserve ( inferred) just at mt bevan on a few rock chips the shareprice is still dirt cheap
    GNL Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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