GNL has had some good grades in inital and intermediate drilling on these sites. Its been the lack of funds and inability to access a drill rig plus the need for capital raisings ( management do need to take a pay cut and issue less options to themselves) and if the ELL THing goes through then we need a 10 for 1 consolidation. 1.5b shares on issue without 150m on issue with it. ABU has the JV agreement with erayina ( i think zinc and silver also discovered there) and platinum potential.
Mt bevan is the focus at the moment though with the drilling going ahed there at some point soonish ( no updates yet) - my call to the ASX on the lack of update was met with yesterday we will look into it. So probably lead nowhere.
GNL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
