GRY 0.00% 20.5¢ gryphon minerals limited

SDGHuh? I did not say "undisclosed gold reserves of 1.1m oz",...

  1. 401 Posts.
    SDG
    Huh? I did not say "undisclosed gold reserves of 1.1m oz", for they have already disclosed that they have a JORC inferred resource estimate of 1.1m oz. I said "undisclosed gold reserves of at least 1.1m oz", meaning that, given their current drilling program, they have clearly more than what has been disclosed so far. I think we both agree that, as you say, at this point it looks very promising, but I would question how much risk is involved. At least I do not think there is significant risk in terms of there being significantly greater reserves than the inferred resource disclosed so far.
 
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