Some interesting numbers:
GBR - Andrew's recent presentation on 10/04/25 mentions a 2025 resource target (on page 15) of 1.5 million ozs at +2.5 g/tonne. Our market cap is currently $65 million.
AAR has just released their upgraded resource of 1.62 million ozs at 1.1 g/tonne - their market cap is $237 million (at today's price of $017/share) and brokers value their shares at $0.30 (Euroz) and $0.49 (Canaccord).
How does that work?? We are expecting to soon have a similar sized resource to AAR at approx. double the gold grade and yet our market cap is approx. just one third of AAR's current market cap. Not only that, brokers are saying that AAR's market cap should be around double (or more in the case of Canaccord) of where it is now.
The logical conclusion - we remain hugely undervalued.
Note that this is my opinion only and investors should do their own research.
GLTA & DYOR
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