GMD 1.58% $2.49 genesis minerals limited

Ha Barny,45c??? I will be a very happy man, also rich. :)63m x...

  1. 12,503 Posts.
    Ha Barny,

    45c??? I will be a very happy man, also rich. :)

    63m x 0.45 = 28m MC.

    Stilll think 45c looks too far from today's price but Looks achievable on fundamental basis.

    News from several fronts:

    Dina
    Dina drilling start mid Nov. Right next door to Pan Aust's Inca (JORC 260mt, 0.46% copper, 0.13g/t Au=contained Cu of 1.2mt + 1m oz Au).

    4km away at Carmen, 40mt @ 0.6g/t Au & 0.4% Cu=contained Au roughly 800k oz+ 160,000 t Cu

    Historical drilling returned high grades hit near surface.

    Check out this one, 60m 0.19g/t Au + 0.3% Cu from 8m below surface! Definitely porphyry style

    I hope they hit some monster deposit

    Like this line also in quarterly:"If exploration is successful, the proximity to existing processing facilities presents potential for near term cash flow with low CAPEX". Souns lovely!

    I noticed porphyry style deposit is getting good interest with MNC (in neighbour country Peru) getting writeup from Diggers & Drillers.

    Dina is obviously the centre of focus.

    Cerro
    Cerroo field exploration should have started allso.

    This line from quarterly is so funny :"in 1869 8500 tonnes at 17% copper were extracted"

    :) 1869? I like the sound of 17% better.

    but discovery of gold-silver-copper surface mineralization over 4km x 2km area (with Mo & Pb credits etc) means this should defintely be on watchlist when drill commences 1st quarter 11.



 
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$2.49
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