I agree GXY grades are shit and as more supply of better quality hit the market in the future the price it gets for it will further deteriorate. look around for a take over JV of some ground with higher levels I think is a good option for gxy so they can mix them. Until they sort out the grade GXY will keep sinking as demand for poor grade continues to drop.
GXY is in a great position 400mil in the bank to make the needed changes we just need to see a bit of action.
GXY Price at posting:
$1.54 Sentiment: Sell Disclosure: Not Held
