Agree with you on BTR. On GG8, are you waiting for a backward looking resource announcement for your value confirmation? The guys in this stock (70% is GMD, Institutions and Board/Management) have the ability to interpret broad brush indicative volumes as these assays filter through to stay ahead of the game. Looking like a highly accretive commercial deposit at Lakeview (shallow, thick with grade) + Sovereign North (shallow with grade) and now Mulwarrie. Admittedly water to go under the bridge to confirm continuity/met but the size of the prize is looking very exciting. Not sure there is anything else close in terms of a commercial Au discovery underway in a tier 1 location? Would be great to be made aware of it if you could be so kind?! The drilling success and multiple discoveries in such a short period of time indicate a better than average probability that these new adjoining structures they have identified but not yet drilled host equally as appetising mineralisation IMHO. The existing new discoveries also all open in all directions but up. If they stopped drilling today to publish a resource, my guess would be that the current MC looks relatively cheap, particularly if grade / geometry / depth is accounted for.
Personally I feel there has been limited value assigned to Vivien and Mulwarrie, think this may now change on the latter as Lakeview has caught all the attention since its discovery in February.
Comparing GG8 with the old LRL team is apples and oranges. They have drilled more in the first month than LRL managed in its existence.
Mindful cash backing exceeds your 3c forecast.
All IMO and ultimately time will tell I guess.
GG8 Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
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