Article on GMD in The Australian yesterday (will post shortly), but the long story short is that the Ulysses project will deliver about $5mill +/- to explore for a 'game changing' , 'company making resource', either at Ulysses or more likely the Viking prospect. It has a MC of $20.4mill. I know investors like the fact that Michael Fotios is a major shareholder.
But why not buy a company that already has a 'game changing' resource and has started a PFS, with a likely very positive outcome, leading to production within 24 months...
AQQ Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held