the positives on gry

I have summarised below why I consider GRY to be undervalued.

Resource Growth - currently at 4.5 million ounces. Now whats to come:
1. Stinger deposit should reach I million ounces in resource by the end of 2012 (currently 560k ounces). At the African Down Under Conference in Perth last week GRY mentioned this.
2. Resources are only drilled to 150 m vertical meters, and these are open. Some along strike. Further drilling beneath these already defined resources will add additional resources. I suspect that we should be seeing a resource base of around 6 million ounces next year. In time it could reach 9 million ounces.
3. There are 20 high priority targets - I expect a number of these to produce new discoveries/ and add to the evolibf story.
4. The mineralisation defined to date shows high recoveries.
5. The Feasilibility study on Bonfora should be quite positive.

There should be a number of very positive releases over the next few months. I can't believe that the shares are trading at such a huge discount. In won't be too long before the sahres should correct themselves to their correct value.