"The Japanese miner is among SEVERAL PARTIES considering a stake in the Perth-based explorer’s A$455 million ($340 million) Gruyere asset,"
...same article:
"DOMESTIC and INTERNATIONAL PRODUCERS have approached the company about investing in the undeveloped project, Executive Chairman Ian Murray said last month. The mine is expected to produce about 265,000 ounces of gold annually over 12 years, according to a Feb. 8 statement from Gold Road."
Half their productionis hedged, 140... full year production is then, 241... double that as per their target, so they're looking for about a quarter million additional ounces. From a corporate management perspective it's smoother toget it from fewer producers than many. NB: GOR forecasted production is, "265,000 ounces of gold annually."
The Future:
Now a pause, HHHhhhmmmmmmm... Who could be the other Goldies loving GOR all up and down? Couple the upcoming FS and further drilling assays on safe and stable Aussie dirt and the list starts: NCM, EVN, NST, ABX:TSX, G:TSX, Anglo Gold Ashanti, Gold Fields, Polyus, Newmont...
Many thanks for the Bloomberg news link!
OV
GOR Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held
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