I'm not pulling these numbers out of the air...I've spoken to ppl. a lot smarter then me over the past few months...all GLN have to do is feel in the blanks tomorrow and CONFIRM everything.
If ppl. don't believe the numbers or the valuation...you sell.
If you understand the valuation and believe in GLN...you hold and the SP moves up to the higher valuation of a possibly 2M-3M ton JORC.
Further drilling will just confirm it and the stock is DE-risked.
You don't buy stocks...you buy RISK in the market.
Those of you that follow me...know I live by the Risk/Reward ratio.
At $2-3...GLN will have more data and maybe even a JORC but, Why buy then.
I know many will sell at $1 and $1.20 tomorrow and that's ok I guess.
GLN just has a bit more to go IMO and stocks like GLN don't come around that often.
The Risk/Reward ratio is important to me but, the MIRROR test is the one that says with you forever.
I've STILL remember sell I shouldn't have made to this VERY day.
I see things I could have that I can't have...I was in the right stock but screwed up by selling...
IMO
DYOR!!
GLN Price at posting:
61.5¢ Sentiment: Buy Disclosure: Held