On subject of rhyme or reason, I lack both but Im in anyway
The mkt lacks what the thread title suggests also.
GMD now have a mkt cap of 372 mill. (Change of ownership and some big hitters coming onboard). Up 140% today.
GMD has the following.....
The current Mineral Resource of the Ulysses Gold Project stands at 27.3Mt @ 1.8g/t gold for 1,608,000 ounces of contained gold. This provides a strong foundation for Genesis’ development as a future mid-tier Australian gold company.
This is likely to be an underground development (which is obviously feasible according to NST- grade maybe dragged down a bit 1.8 g/t probably misleadingly low, but still).
AUT - Canadian based. (Im putting this a slight disadvantage becuase of iron ore i.e - Aussy dollar weakness will support Aussie producers more than Canadian - but its not huge).
mkt cap $130 mill.
30 mill cash (although most cash reqd for earn in to 80% of project).
Resource wise.
8.8Mt @ 8.1 g/t for 1.7 million ounces.
Yep, the reource needs to defined a little more but four rigs on site doing the business so newsflow will be good.
In short same size resource as GMD with a much higher grade at 1/3 the price.
Probably to simplistic and if Ive missed anything call it out.
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Last
$1.07 |
Change
0.015(1.43%) |
Mkt cap ! $512.0M |
Open | High | Low | Value | Volume |
$1.08 | $1.09 | $1.04 | $3.486M | 3.326M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | $1.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.07 | 6166 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 1.060 |
1 | 24186 | 1.050 |
2 | 24186 | 1.045 |
2 | 34186 | 1.040 |
4 | 44686 | 1.035 |
Price($) | Vol. | No. |
---|---|---|
1.070 | 6166 | 3 |
1.080 | 11750 | 1 |
1.085 | 2500 | 1 |
1.090 | 6337 | 2 |
1.095 | 6952 | 1 |
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