What it means for share price Average Assumptions:
Resource to be proven up: 2.5 - 3.5Moz @ 3.5 - 6.0 g/t au eq.
Value of high-grade ounces in non-North American companies: $60 - $100 / oz
If GWY were to prove up 3 million ounces of gold in the first half of this year and we assume an average price of $80 per oz of gold in the ground, GWY would re-valuate to somewhere in the $1.90 - $2.00 range or a market capitalization of $240 million +.