You could be right hcf, the thing is though the Aussies are much more conservative than our US and European cousins.
GRY has gained international attention because of Tasiast (7 billion $ worth, that's billion with a B). If these investors are all international they think GRY is cheap and the upside enormous.
I believe we are heading towards a TSX listing, the companies over there all seem to be multiples higher than Aussie valuations, just a factor of greater depth of funds.
I am wary of the stratospheric rise based largely on speculation but there is a story here that has the fundamentals to back it. If gold continues to break into higher ground the trickle of funds becomes a flood. The gold story is too impressive to ignore and this one has found itself in a box seat.
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