anyone who thinks this stock is overvalued either doesn’t understand high grade gold exploration and/or the dynamics that are unfolding with the mid tier underground gold producers on the Eastern Goldfields.
This Lakeview discovery already looks a cracker … and the whole Comet Vale project has now been seriously upgraded by the discovery.
(please remember historical production at Comet Vale alone was ~200,000 ounces at and average grade exceeding 20 g/t - which at today’s potential margins of ~$3000 an ounce equates to $600 million in profit)
GMD aren’t stupid … they will be watching closely and will want it if drilling keeps being successful at the rate it has been
GG8 Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held
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