The high-grade drilling results at Lakeview (e.g., 24m @ 10.3 g/t Au, 40m @ 4 g/t Au) and ongoing exploration across multiple projects significantly boost Gorilla Gold Mines Ltd’s (GG8.AX) chances of reaching a $1 billion market cap from its current AUD 326 million. The extended >500m strike, strategic location near Kalgoorlie, and Happy Jack acquisition enhance Lakeview’s potential to drive a major resource upgrade, while Vivien and other projects diversify upside. The probability is moderate (25–35%) in the short term (1–2 years), high (50–65%) in the medium term (3–5 years), and very high (70–85%) in the long term (5+ years), assuming successful exploration and favorable market conditions.
Recommendations for Monitoring:
Watch for further Lakeview drilling results and a potential maiden resource estimate in 2025.
Track gold price trends and M&A activity in the Kalgoorlie region.
Monitor GG8’s cash burn and future capital raises to assess dilution risks.
GG8 Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
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