GOR is a very interesting company for you to bring up, i like the similarities when I delve back to mid-2014 and Gold Road doing a $10M capital raising at 17.5c
GOR
(2014, $90M market cap) 1.3Moz Jorc resource, large tenement holding, 100 gold targets identified, best intercepts as reported were between 1.16g/t and 3.34g/t, completing conceptual mining studies and met work
(2016, $600m market cap) 3.17Moz Jorc reserve, 12yr project life, AISC ~$1,000, 265kozpa plant plan, raising $70m at 44c to now trade at 70c
PGO
(2016, $60M market cap) >1.2 Moz Jorc resource, large tenement holding, 60 gold targets identified, grades between 1.1g/t and 8.9g/t, updating conceptual mining studies and met work is very promising from completed studies of RIL by former owners
(future).... that's why we are here
as an aside, uncanny the similarities for shares on issue! in 2014 when they did the raise GOR had 456M on issue, PGO have 452m on issue
