GGE 25.0% 0.3¢ grand gulf energy limited

R15, I think the important thing on any Junior is having a good...

  1. 1,562 Posts.
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    R15, I think the important thing on any Junior is having a good business plan & the cash or financing ability to withstand a few failures, if they do they can survive, if they can survive they have a chance. For OGI I think they are free carried on Louise so the results will be important to them for cashflow and confirming a base value for existing operations. Their WI in NV has some value but like us until the bigger picture is clearer it is hard to nail that value.

    The only thing I know of diamonds is watching Todd & the gang on Gold Rush so can't add anything to that. For us Louise appears mostly paid for so relatively low commercial risk, hopefully the rig will be cleared & on the way soon and we will have something more to talk about.
    Cheers
 
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