Cash and listed investments = $32 million
M/cap at 8c = $32million
Therefore current market value of 3.6 million oz Banfora Gold project (includes Mining Lease and $60 million mandated project debt) + pipeline of numerous highly prospective exploration targets/tenements = nil
That means 3.6 million oz of FREE GOLD including FREE PROJECT & FREE EXPLORATION TENEMENTS !!! (EV/R = $0) at 8c.
Never thought I'd see this and honestly I cannot imagine much downside for GRY in the short term, even if POG goes to US$1100 in the next few days (although Gold itself it is starting to look a tad oversold so we may see a nice short covering rally soon)
GRY looking like the juiciest takeover target ever IMO and my one and only bet on Cup Day is that Endeavour Mining will soon make a play with @$55 million cash at bank and a strong & growing production profile in the region. i.e. a perfect fit.
GLTA holders. I'm waiting patiently to at least double my coin from here.
Cash and listed investments = $32 million M/cap at 8c =...
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