Hey colinchi, no expert here, but as you posted above, GRY is cheap (IMHO). I very much agree with your calcs, I have also done many of them, to gauge just what I think the company is worth now, and in the near future when further developments occur, more upgrades, the heap leech project and further resources proved up into reserves.
I am strongly ignoring the many many short, sharp, negative posts with no real discussion. Of course, its a public forum, so all's fair.
I liked the company 4 months ago, I liked it last week and I think it is a very undervalued gold stock, that unlike many of the other undervalued gold stocks (pretty much the whole sector!), will make it into production.
I appreciate your posts, as I realise it is frustrating to answer negative posts that are, as far as I can tell simply written to make others feel disappointed in holding GRY.
Good post too btw KnuckleSandwich.
Regarding the whole gold sector, its quite a sight to see, I have only been investing for about 11 years, this is a new experience for me, to see such utter capitulation (the GFC was total capitulation) in just gold stocks. The price is high, confidence is low in the companies themselves. It will change, but darn it, the wait is most definitely longer than I expected!
Good luck to those who continue to hold through this period.
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