Apart from macro economics where the POG is $A in rising , Yes I think it is de risking itself so I would buy now if a non holder , given in December it has been churning out around 265 oz a day when in operation which works out around 97k oz a year and at 0.92 grams a tonne at a plant throughput of 3.25 mtpa
So while mill grade is down on the BFS throughput is up and the 92-102 k oz 2019 self imposed company target seems achievable
I have about 7 small gold explorers and miners that I hold small positions in , if the miners do well on FA I tend to accumulate in them if they start performing poorly I flick them , this is getting close to being worth accumulating in .
I am not telling you to buy its just what I would do as an answer to your question
GCY Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held