It will take significant CapEx to drill, define and developed Ulysses UG. More money than the company currently has. I say concentrate on proving the multiple shallow opportunities that the company has at present and investigate the primary ore potential but don't go silly thinking you are an underground miner. This game is a marathon not a sprint. A good unmined resource can have significant value. Mining without enough known reserves and without enough money has brought many a company unstuck in the last few years.
Better to concentrate available funds on drilling up resources IMO. Esh
Ann: Appointment of Craig Bradshaw as Non-Executive Director, page-9
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GMD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.50 |
Change
0.020(0.81%) |
Mkt cap ! $2.392B | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.53 | $2.49 | $6.193M | 2.470M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 31923 | $2.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.51 | 119324 | 6 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| GMD (ASX) Chart |
