GTM giants reef mining limited

production to begin in october

  1. 7,409 Posts.

    Exciting times now for GTM. Only maybe 3-4 weeks before production starts, aiming for 60K oz per year. Forward drilling programs in other areas showing some some very decent results, the latest announcement especially nice since it is close-to-surface and most likely pit mining, which makes it very cost-effective. Money in the bank, good management team, great drilling success, an uptrending gold price, what more can you ask for.

    I have a medium-term outlook on GTM, and would expect a price far north of its current price by option expiry in June next year.

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