I enjoy your posts, especially your cycle work/analysis; however I think you've got GMD wrong. The thread has been relatively quiet for 2 years and over that time (since $1/share) there have been a few non-holders, respected gold specialists on HC, who would post how overvalued it was, even at a buck. I hold GMD and VAU, and more recently RMS after the Spartan merger. I agree with
@Greatone, VAU will do an RRL once the hedges are (almost) burnt off near the end of 2025. FWIW I watched a MoM interview with Matt Fist, geologist turned fund manager at Firetrail, and he sees GMD at $8 and outperforming peers by 50%. He likes Greatland Gold even more I think, which is ASX listing in late June, so I'm keeping an eye out for that as there may be equity raisings as part of the listing, Cheers.
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