Finally!!!! Very happy. Although we all knew it was to come.
Resource upgrade not require Harlee, GBG has scaled back on all exploration activities and focusing on Karara production. A resource upgrade wouldn't do anything to the share price and is not required for the project to move forward, as we have a 30+ year mine life at 30mtpa. It is more about the logistics and capital of getting to 30mtpa than the size of the resource at this point.
GBG will be a solid performer over the next 2 to 3 years as Karara becomes a reality. A great long term buy for a significant long life project with a premium product.
On another note has anyone managed to download the GBG broker reports? The website has been updated, however it appears a lot is not functional.
GBG Price at posting:
86.1¢ Sentiment: Buy Disclosure: Held