GBG 0.00% 2.9¢ gindalbie metals ltd

.....exploration potential.Comments??

  1. 1,200 Posts.
    I am a new shareholder in GBG. I love the profit forecast which puts it on a PER of 3.5 with 50% at spot......not far from what CRS was a few months back. It is obviously on a much smaller scale and reserves are only enough to last around 3 years at current production (about 35000oz this half). The quarterly report seems very upbeat about the exploration potential of the Minjar area and they say they can warrant exploring "aggressively". Does anyone have a feel for just how good their exploration tenements are in relation to other similar small to mid cap gold producers?? Thanks for any opinions.

    I hold CRS (significant holding) and GBG (only 50k shares)
 
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