Catalyst for a major rerate14 Feb 2018 22:52
"The bottom line is that, for all its recent problems, Conroy now seems to be confidently pursuing its accelerated development strategy with a view towards commercialisation.
At the current gold price of �958.15/oz, the 517,000oz defined at Clontibret would notionally be worth an impressive �495.3m. While the firm expects this resource base to increase with more drilling, if it is able to move a significant proportion of the resources from the inferred into the indicated category, this could prove to be the catalyst for a major rerate in the Conroy�s share. With those shares currently trading at just 26p, giving it a market cap of �5.1m, it could be worth a speculative punt � especially when one considers shares were just 12.8p in early December."
http://www.valuethemarkets.com/index.php/2018/02/14/conroy-gold-gives-peace-chance-first-drill-since-brutal-boardroom-battle-will-good-times-last-cgnr