Investment thesis – Spec. Buy, Valuation $0.49/sh (prev. $0.47) GOR is well funded (cash of $21.3m at 31 December 2014, no debt) to continue its successful exploration and evaluation programs at Yamarna. It is now focused on the resource upgrade and staged Pre-Feasibility Study for Gruyere; and follow-up drilling at four advanced exploration targets. With an already large (5.1Mozs) gold resource and potential exploration upside, GOR’s value is highly leveraged to the gold price.
Gracie
"All that glitters is GOLD at GOLD ROAD IMHO".
GOR Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
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