Fair point Disco about the large holder not wanting to sell. Just seems strange to me that they would rather hold out that actually get a mine going.
Somewhat off topic. Found this while reading through some old company presentations (PXG that is). Wow... the heady days of non-producing companies with high E/V resource... Imagine, just for a second if the gold sector does come back with a vengeance.
GRY is currently trading at about $2 E/V resource. I would love to see a more upto date version of this graph. No doubt that the gold sector is cheap, that will change as gold stocks start returning cash to their loooooong suffering shareholders.
(The graph is from a late 2010 PXG presentation) (Yes I did add in the arrows and text).
GRY Price at posting:
19.5¢ Sentiment: LT Buy Disclosure: Held
