'And, despite a very nice rise in the share price, the stock is still has an EV of just over $1 per JORC resource tonne. If the current share price is maintained, that EV should slip to UNDER $1 per JORC resource tonne when the initial JORC resource for McPhee Creek is added to the 132 Mt of current JORC resource before year's end.'
Guess what people..... at the current shareprice of $1.37, GIR is back under $1 a resource tonne (although, McPhee Creek maiden resource estimate would, unsurprisingly, appear not to be of JORC standard).
But more importantly, we know that the resource tonnage is going to keep growing at McPhee Creek, and we haven't even factored in anything for Yerecoin or Earaheedy yet.
GIR Price at posting:
$1.37 Sentiment: Buy Disclosure: Held
