Well, a cracker of an announcement and it all fell on deaf ears. I just don't think GMD is on people's radars. They are quiet achievers!
Ulysses has turned out to be a brilliant purchase, let's not forget it only cost them only $375k back in 2015, with a JORC resource of 138,000 oz.
On a conservative $60 oz valuation (given the grade, location and exploration potential), I'd say it's worth at least $45mill today. My rough guess is that they have added ounces at just over $10 per oz discovery cost. That is phenomenal, with plenty of drilling to come.
Cracker of a result - more to come
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$1.83 |
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Mkt cap ! $2.053B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.86 | $1.82 | $4.299M | 2.337M |
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| 1 | 5610 | $1.83 |
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| Price($) | Vol. | No. |
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| $1.83 | 13603 | 1 |
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