Hartleys 16c target

Hartleys is maintaining a "speculative buy" on Gryphon Minerals and a 12-month target price of 16¢. "GRY remains one of our preferred gold developers being well advanced towards finalising a funding solution. We now see potential for Banfora to be upscaled towards 130kozpa with an additional 1Mtpa CIL circuit after about 2 years of production from the 2Mtpa heap leach 'starter' project. We expect GRY will continue to be leveraged to USD gold sentiment and further de-risking of the Banfora project."

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