GRY 0.00% 20.5¢ gryphon minerals limited

HUH? Undisclosed gold Reserves of 1.1m? There entire resource is...

  1. 447 Posts.
    HUH? Undisclosed gold Reserves of 1.1m? There entire resource is currently 1.1m, turning that into Reserves will take some time and it will only be a portion of the overall resource. What we know WILL happen is that they will shore up more resources over time. Whether they get to the multi million ounce target is a matter of exploration success. At this point it looks very promising, but there's still risk. The market it certainly factoring in about double the curren 1.1m with their EV to Ounces au at the level of a developer. This is definately not undervalued at these levels.
 
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