Quick and 3 Sep 2008 07:51
quite positive received yesterday from Paul McGroary (Non Exec Director appointed this year).
"We are of the belief that the market has not yet stood back and taken a holistic view of our drill results.
Drill results starting from GJ2, 5, 6, 7 and 8 in 2007 were all successful in the context of what we are seeking to achieve, circa 300-500m tonnes as per our advisors CSA. No gurantees but 300m+ is what we have been told as entirely possible.
Drilling this year to date has been 100% successful (so far) perhaps as the autumn results start to comer the market may be kinder.
We generally believe that a lot of the weakness in the price reflects concerns not specifically related to GGG but the wider exploration and small company space.
Our strategy is to push the drill forward and aim to create a mine.
Kind regards
Paul McGroary