11.45 WA time - so around 1.45 EST. So still a few bitten nails to go.
But this morning's announcement that Tubal Cain's dyke bulge and ladder reef system has been drilled to 1000m and is open at depth should provide a clear pointer of where GDR is heading.
That drill result sends two messages. First, it suggests a 40% increase in the tonnage of dyke bulge mineralisation and high grade quartz reef tonnage (the latter was 2.3m tonnes to 600m, so that alone could be expected to be around 3.3m tonnes now). Second, it also suggests that the other dyke bulges on GDR's ground - which are essentially the same mineralised expressions as the Tubal Cain dyke bulge - can be expected to be at least 1000m in depth too. Now that surely means GDR is in command of ground with a huge resource ounce potential and likely to support multiple mines producing in excess of 200,000 oz Au for a decade or more to come.
Plenty to like about this one. Into the bottom drawer it goes.
GDR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
