The only thing that has changed since we (GGG) were in the 40p's (Now 21.75p) is
1. Gold is a hell of a lot higher 2. We now have an agreement to merge BBling into one corporate entity 3. The amount of drill spacing has been reduced 4. We now have a 2.6m oz resource of which 711k is now Indicated catagory.
Also within 6 month we will
5. Have finished phase 2 drilling 6. Have had another updated Jorc which will have increased our resource numbers 7. We should also have the BFS released with an initial 'Probable' reserve figure of 1million oz +
All the above should move our SP back towards where it belongs, but if it doesn't then I'd expect a pre-emptive TO will be heading our way which will increase our SP back towards where it belongs. Either way I think our SP is going to be at least 50% higher than where we are now, in 6 month.
Very little risk with this company GGG or GGB) imo, if you have any spare cash or dullard shares then get the cash and pile in. AIMHO
GGB Price at posting:
32.0¢ Sentiment: LT Buy Disclosure: Held
