Ann: Investor Presentation, Building on 1.4Moz of Gold, page-5

@Adam a  
I am not singing praises toward management rather looking at its ground position and thinking that if it has the potential to increase its resource to around 2m oz then it would make an attractive acquisition for another miner to add ounces .Look at WAF at Sanbrado about 100kms away with a MC of around $220M and a cash position of $66M and a Mineral Resource of around 2.9m oz .If they wanted to increase their Mineral Resource size and beef up a bit then taking out GMR for less then $10M might be a good deal ....A lot of GMR shareholders might jump at an opportunity presented in a cash/scrip deal with a company like WAF