Yes but the market hasn't had a good look at GMM or quite understood its potential yet so the proportion at the moment is still skewed to GXY. There are plenty of hype factors that currently benefit GXY but I think more and more GXY investors will start investing here too to get a piece of the action.
Even you took a while to buy in - and you knew the numbers better than most.
For much longer it was simply moving at GXY + 10c. Then it broke the string and started tearing away. I think the resistance at the moment is just a bit of stair-stepping profit-taking as it goes. Its a different share to GXY because the volume is a lot lower, but its becoming its own thing. ie today it still posted a green day against GXY's correction.
GMM earnings per share on Mt Cattlin are 4 times GXY's. Same for James Bay. Its a killer on fundamentals. It would be hard to see any other miner coming up who would achieve a built mine for 311m shares - let alone 2.
Even though the old document relates to older projects - it still shows how synced up they have been for a while. SDV is not a done deal - but its a live possibility.
GMM Price at posting:
64.5¢ Sentiment: Buy Disclosure: Held
