RE:RE:RE:RE:RE:Results Yes, GLM is in pretty good shape! And I really believe they are being wise with the money too, (not being wasteful), so I think it's being stretched out and maximized to its full potential.
I was really bullish in and around June 1st when I sold a house (and with the thumbs up from my wife.....) put it all in at an average at .46. Too bad I didn't hold off a bit, But that's how she goes, I know if I hadn't done that, the results & market would have went the other direction on me.
I was all in at that point, have way way too much to average down now, but yes, still picking away at these low to mid .20's when I have some monthly cash available.....
Great value from a risk/reward perspective!
Keep buying gentlemen, if this deposit they are trailing even proves a few hundred thousand ounces (and that would be considered a small Carlin deposit..) we will be sitting very very well. Gold at 1800+ and Heap Leaching modeling economic on open pit usually at 1-2 g/t, it's probably a no brainer.... (plus it's likely we'll be hearing more about Copperview in coming weeks/months.)
Regarding Jewel Ridge, It's my understanding they(GLM) are focused on having an estimate together within 6 months, which is aggressive, so we'll have to wait and see, but it is possible, plus there are other noteworthy targets too.
Very early, but gotta love the potential here.
This board has been so quiet, had to post something!
GLTA
PonyBoy