Gizard I agree that if the potential resources are probably / prove then there will be a multiple rerating. Many many times I suspect, and hence why I have got on board now. I tend to view the current price levels as undervalued based on potential alone, compared to some companies, and of course grossly undervalued if / when positive prospectivity results flow.
If the potential resources cannot be proven then the price will be in difficulty. However, I have a high degree of confidence in the sucess of reopening and mapping old miniing areas. It often shows that substantial very fine gold remains, which is recoverable using more refined modern techniques.
Incidentially, someone online referred to this as being worth .20. If the prospect is proven then, IMHO, that is grossly under the mark.
So I await the results with interest. Good luck for all.
GMR Price at posting:
13.9¢ Sentiment: None Disclosure: Held
