GRL godolphin resources limited

Amigos, I agree that GRL has excellent ground and I am...

  1. 2,896 Posts.
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    Amigos, I agree that GRL has excellent ground and I am optimistic. But, the market is pretty tough - it seems to want the next "whale" served up on a plate, and won't commit funds to an "over-sized' dolphin. We know that GRL's Lewis Ponds has 400,000 oz gold with a cut-off of about 2,5% (plus silver, zinc and lead credits which take it to a 6% Au Equivalent grade). And previous metallurgical studies have shown the metals are well recoverable. That picture is better than many explorers in NSW with less credentials but with subsantally higher market cap. So it is a strange situation we find ourselves. I am guessing that management knows that there are investors with deep pockets who will pile in, once there is a strong smell of a whale in their nostrils, so management just quiety works away (not worrying about presentations and promotion). That's their style. The good thing is that GRL is cashed up for the next round of drilling which I hope will be adventurous and look for extensions to the current resource at Lewis Ponds plus another shot at Copper Hill East (or its other prospects). It's a risky strategy, because more often than not, some drill holes will be dusters or low grade - and the market doesn't ike that. Nevertheless, if this dolphin is going to track down a whale of a deposit, it has to hit it hard.
 
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Mkt cap ! $4.039M
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0.9¢ 0.9¢ 0.9¢ $151 16.77K

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1.0¢ 1118893 5
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
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