GRL Chart, page-233

Amigo, your paygrade is better than mine - I allow myself to invest $1K per fortnight. So bought GRL @ 14.5 cents. I feel that Q1 of 2022 will be make or break for GRL's support. Once again I post the copy of Hot Coppers's chart of GRL - it shows that we are bumping along at the resistance level. IMO the key factor is GRL has not had a discovery hole since its IPO. It's strange because it has a 400,000 oz gold resource - however that resource was gifted to it in the IPO. Since then it has tested several prospects - Lewis Ponds is the best so far. However everything can change very quickly. I'm trying not to cross promote, but have a look at Carnaby (CBN) and its recent discovery of copper-gold in QLD. Many explorers have drilled and explored up there, but CBN seems to have finally cracked the IOCG puzzle. The same could happen at any one of GRL's prospects. At Lewis Ponds the copper in the footwall hasn't been drilled before, GRL says. IMO once GRL understands the system, the drilling results could be very interesting. GRL's market cap is only about $12 million, while CBN's is about $200 million. That's how things can change when you make a great discovery. There are no guarantees in exploration, but I'm not selling GRL until it has had a good attempt at its various propsects - then its future should be clearer.