re: drill results due any day - mangrove Howdy Mangrove
I neglected to mention Gravity's survey of the Bendigo gold fields, reported last month. Just re-read it and it is an exciting project in its own right. Everyone knows the Bendigo area is far from a played out gold resource and with Falcon, GRN hopes to pinpoint key targets for swift follow-up drilling in the Sept. quarter.
As you are no doubt aware, the terms of GRN's agreement with BHP allow for a variety of options in the event of a major find but this arrangement is typical of GRN's business model - and the thing I like most about this company. They pick highly prospective projects and (usually) demand equity in the project in lieu of a fee from the owners in return for the use of GRN's superior Falcon technology. This results in Gravity having a high number of irons in the fire at any given time, increasing their likelihood of a 'hit.'
We should see a raft of news on a range of projects any time from now, with each one representing excellent leverage.
My fingers and toes are crossed....
Regards,
Gupper
GRN
gravity diamonds limited
