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0.14% 2,972.9 s&p/asx small ordinaries

GMR is one.. Pros: GMR just proved up 1moz in their maiden...

  1. cyberbash
    239 Posts.
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    03/05/18
    15:20
    Post #: 32863114
    GMR is one..
    Pros: GMR just proved up 1moz in their maiden resource in Burkina Faso. Shallow resource, MC around 14 million. Likely undervalued.

    Cons: Mostly inferred resource. Hartley’s recently did CR for around 85 mill shares at 4c which is probably where the supply today came from. Supply also not exhausted likely. Ongoing drilling for the rest of the year (not starting FS yet). Sovereign risk. Some serial pumpers on the threads which makes me not want to buy.

    I won’t buy it but it’s one that I haven’t seen mentioned on XSO.
    Last edited by cyberbash: 03/05/18
    XSO Value at posting: 2,804.7
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    lightbulb Created with Sketch.  Great analysis
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