Is the new bean counter CEO appointment likely to last?
Where is the exploration drive left in the company now that Dunbar is gone? Or was a lot of it puffery. Maybe they are just in survival mode and they think exploration is secondary for now. I dunno, but my view is they need to find a useful sized deposit of higher grade ore near their mill to improve the economics of the operations in the first 2 years. They seemed to have a plausible story except for the high stripping ratio is the first two years of the LOM.
For now GCY is not turning into another Giralia Resources fairy tale. Perhaps its temporary.
Could be a time to buy in after the quarterly report, or not.
GLA.
loki (on the lookout for hopium turnaround goldie stories)
GCY Price at posting:
19.0¢ Sentiment: None Disclosure: Not Held
