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New Article on GCY, page-2

  1. 11,723 Posts.
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    Great find Joel.
    Whilst the whole article is very well reasoned and honest, this part I read a couple of times.

    https://hotcopper.com.au/data/attachments/4800/4800802-e94df03b2dd07f5609ccf492960fcd0c.jpg

    And I though Bridge Captial were being optimistic with their 200k speculation target! 500,000 ounces would transform GCY... and that is an understatement. It is obviously way too early for anyone but... the likes of me and others on HC, but... could Never Never end up being something closer to Great Fingall? (though I totally acknowledge that its a biggg stretch even with the results we have to date).

    The maths is not overly complicated though... if it extends to 1000m... we have a potential 1m ounce U/G deposit.

    Anyway, for now... the market does not care/believe, and in some ways, I can understand why, because until GCY can get the ore, its... just noise.
    Though... ironically, if GCY was not a producer, it may well have a similar market cap, as an explorer!! I mean, look at MGV and its E/V.
    The market is brutal right now. I think GMD MD is right about consolidation, and knocking peoples heads together, a lot of the time, 1+1 does equal 3 when the economics and efficiencies of scale stack up.

    Damn it would be nice if GCY could definitively show that there are more zones like Never Never.
 
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