With the current market, gold is definitely the safe haven for investors. Overnight, GOLD future price rose by over US$6. Expecting Fund Manager's to either hold on to cash or putting their funds to gold.
Should see GRY sp benefit from it's potential mine. Currently, only 2 stocks in ASX within potential to produce over 2m ounce per year.
Current sp definitely looks attractive. If Credit Suisse have their target price of $2.15 and improve their rating recently to "outperform", you can be sure they are accumulating now.
GRY Price at posting:
$1.62 Sentiment: LT Buy Disclosure: Held
