GMD reported an updated resource estimate, with total Ulysses Resource upgraded to 1.6 M oz, from 0.9 M oz, in Dec 2019.   

Assuming that 60% of the 1.6 M oz of gold is mineable, GMD is valued at around $140 per mineable ounce.  Seems fairly cheap for a late stage explorer.   

Next steps: 

1) Feasibility study to be issued by end of June 2021. 

2) Continued explorative drilling to expand resource

Encouraging results from Clarke, with shallow, high grade strikes in 19 of 27 RC holes drilled and essayed to date.  

Reults will be incorpated into updated Mineral Resource Estiatme to be released next month, which in turn will inform the mine feasibility study to be completed this year.  

Disc - Hold tiny position.