Good Question .Sorry if the below ramblings are not conclusive :
One way to value of this stock is based on its NPV and the probability of obtaining that NPV plus some exploration potential .
Unfortunately due to a lower grade reporting to the mill than the Bankable Feasibility study the NPV will be lower , the mitigating factor is the mill is capable of throughput up to 40% higher than its name plate capacity , it would be interesting to see how much that increased mill capacity will reduce the higher C1 costs of a lower grade .
GCY Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held