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GBM's Mt Coolon plans viable

GBM Resources is getting serious about restarting the old Mount Coolon gold project in Queensland, with a scoping study released this morning supporting a resumption of small-scale mining, potentially recovering 155,000 ounces over around five years, but shareholders fled the stock.

Haydn Black
GBM's Mt Coolon plans viable

Shares in the junior were off almost 17% on the news to A1c, valuing the company at a mere $8.6 million as shareholders looked not to the glittering rewards, but the risk of dilution if the minnow raises...

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