There was also a considerable article on GRY in the Weekend AFR. No link sorry. Too paraphrase key points:
Canny sense of timing that GRY released the BFS this week.
Will ensure CEO has plenty to talk about at the INDABA Mining Conference 2013 in Cape Town from Monday.
GRY started taking banks to the Banfora site about six months ago in a prelude for term sheets for traditional funding.
GRY has also appointed an in-house advisor to provide guidance on funding options.
One of the options likely to be looked over is liquidating GRYs investments in listed companies Papillon Resources, Renaissance Minerals and Tanawa Resouces. Investments worth $32m and GRY also holds $51m in cash.
Tightening of funding markets has a bright side CEO says. Fewer projects getting built means costs are coming down in West Africa. CEO anticipates the eventual capital cost for the project will be less than stated in the BFS by the time it is built.
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