Not by a recent 37 page report on Gateway Mining just last week by Shares in Value. They say GML $20 an oz is way under valued. The average gold Explorer is $66oz based on the resources GML already have. This puts a value of GML share around 8 cents a share on average base case scenario on it peers currently. Putting it at the top end it’s more around 16-20 cents a share. What would be nice to see if Peter Langsworthy comes out with a chairman’s address/announcement to the Gateway shareholders. I have seen this done by other companies and it is a nice touch.
GML Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
