Highly probable that GMD will reach $3.00 before end of the year. If GMD team delivers the gold in Dec Qtr 2024, then we shall be looking at $4.00 during Mar 2025 qtr.
It is the quality of the management that makes the difference and a bit of lady luck on their side in the timing of gold bull run cycle that makes the difference. SBM has the same mine but couldn't make it works. DCN acquired HUB and nothing was done about it and also DCN was having great difficulty in attracting personnel. Reputable leader attracts good team members and associates. To make GMD works, it is a matter of repeating the same processes of Saracen.
As you said, there are many tailwinds on gold price going much higher and hence GMD is looking like a sure winning bet to get to $3.00 and then to $4.00.
GMD Price at posting:
$2.56 Sentiment: Buy Disclosure: Held
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