Yes I was one of them would still be holding if not for the merger with SLR its now tied to SLR's tail - however DRM is a different beast there mill grade is around 4.4g/t and they have copper credits......high grade means lower AISC with less dirt moved. - However it is up $100 this quarter......
MINING UNITS DEC-18 QTR Ore mined t 144,620 Gold grade g/t 4.4 Copper grade % 0.4% Gold mined oz 20,486.... GCY -892253 shares through and closing on it's daily low after the release of the announcement and that was all in the Pre CSPA so not much time to get out not a good sign - 669000 t of dirt moved with a mill ore grade of 0.82g/t - - more of a dirt moving company than a gold miner - ramp up from May last year and still only producing 16245 ounces for the quarter and they have a guidance of up to 102k for 2019 good luck with that - even the dirt mover BLK has higher grade at 1.4g/t and moves less dirt at 487kt and they fell 25% yesterday on their quarterly report released - the gap at 0.22c - 0.265c doesn't look as if it will be closed to soon - runs over so back down again to 0.10- - 0.125c range and there was thought out there this was going back to 0.25c -Same optimism was happening at BLK
GCY Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held