It got to 3c two days ago! That was a proper panic seller. Lots of news flow over coming months. West Shoot looking sold with 13.8g/t - 20.3g/t grades. If that holds up at depth, it's game on.
Management has given us a clue:
"The Ulysses West shoot, in particular, is proving highly predictable in location and grade, and there is currently no geological reason why it will weaken at depth."
So we have 14g/t to 20g/t at about 3-5m width that is likely to persist with depth. That can be mined very profitably. Looks about 200m of strike, but remember Gwalia is only 500m and the old Bellevue mine (DRG) was also 500m strike. It's all about grade and depth.
Ulysses gold project puts Genesis on the acquisition radar, page-16
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