GRY gryphon minerals limited
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Cheapest Gold play per ounce ?

  1. fbx258
    6,593 Posts.
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    07/03/16
    21:15
    Post #: 17210969
    GRY.ASX

    MC 34m - Cash 14m = EV 20m / Gold 3.6mOZ  = Per Ounce = 5.5AUD per Ounce or 4.1usd per OUNCE


    Compared to peers

    From PRU>ASX 29th Feb presentation

    for now average should be USD 30 or 8 times higher

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    My target zone is near 60c this year - IF JV or Finance achieved as per managements plans in H1 2016... 10c key level

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    GRY Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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