GBZ gbm resources limited

interesting news, page-11

  1. 1,340 Posts.
    Agree Wobbly. My biggest hope is that Milo will reveal a homogenous deposit (grade and size are secondary requirements) that will enable even a preliminary indicative or inferred jorc estimate to be extrapolated.

    Do I think this is fair? No I don't, but if experience from CDU has taught me one thing, it's that the market (other than predators) isn't smart enough (or is too mistrusting) to determine through geological argument (or even bulk sample metallurgical testing) that a jorc estimate is likely to be exceeded.

    Luckily CDU are sufficently advanced with both infrastructure and regulatory planning to be mining sooner than most of their explorer peers. The moment mining starts and reveals higher grades than the jorc estimates, may be the time a major share price rerating occurs, from which GBZ (hopefully) will also receive "nearology" benefit.
 
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