If one was to look only at DSO tonneage guestimates than GIR's looks great.....UMC is conservative.
Most on this site have GIR on the watch list, particularly those also invested in ROY as GIR may assist in taking us for a small ride.
But....., loads of companies are targeting >1bill tonne including that F word.
The key for me ATM, (as the market consolidates) isnt the total amount of DSO that companies are targeting.
It is 2 very simple criteria's that have been spelled out >1,000 times on this forum:
grades & location
I think GIR has potential, but I have reviewed GIR again and I would not consider selling 1 UMC share to buy GIR.
1 billion trillion gazillion tonnes is oresome, but if it is sh*t grades it is just dirt and it aint going anywhere.
UMC grades are oresome. With their tenaments in close proximity and 4 drills rigs for the remainder of this year, Novac's monster has a heart beat.
If one was to look only at DSO tonneage guestimates than GIR's...
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