GREY:GBRIF - Post by User
Comment by
Giftedoneon May 07, 2013 11:51am
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Post# 21347540
RE: News
RE: News There has been a fair bit of news. The company was just advanced 3.5 million and conditions were waived on the other 4 million so they can take this any time. They also just released a technical report showing 155,000 tonnes (measured and indicated) @ 12.5 grams/tonne = 63000 oz at the Bingo deposit. What does this all mean ? They have enough cash to get the mine up and running, they have been stockpiling ore so they will have a large amount of feed. When the mine starts up they will have artifcially high numbers for the next quarter and this should drive the share price up.