#GRL - Goldstone resources
SP - 2.55p
MC - £6.4M
Shares in issue - 250M
Shares not in public hands - 51.4%
Free float - 122M
52wk High - 3.15p
Historic resistance - 2.35p
Primary assets - Akrokeri and Homase, Ashanti Gold Belt, Ghana
Status - Mining lease awarded

Cont.
#GRL - Assets:

The Akrokeri and Homase assets are located up strike and in close proximity to Anglogolds Obuasi Mine, historically the largest gold mine in the world! 👀

Grades are outstanding, 24gt average from underground Akrokeri and 2.5gt from open pit, shovel ready Homase.
#GRL - Assets Cont.

Both assets are formerly producing mines, not your typical AIM project of a desert with drill holes in requiring £1B to realise. The assets can be in production quickly & cheaply and, importantly, remain highly prospective for future discovery.

Cont.
#GRL stakeholders:

51.4% not public.

Paracale gold (28% holding) debt funding partners.
http://paracalegold.com 
BCM (20% holding) Africas largest private contract miner.
http://bcmgh.com 

Interestingly, non exec Angela Diala List is also director at BCM's investment arm.
#GRL economics

Extremely low cash burn <$50k month. Debt funded by cornerstone investor. No equity cash call since 2017.

Projects into production for a tiny capex of <$7M, ideal for debt funding as repayable in 1 year. Future exploration funded by production.
#GRL so why so cheap??

At circa £6M MC, why is goldstone so cheap given all of the above?

Geopolitical issues from operating in Ghana is why. However, last Friday GRL received their long awaited permit to mine; no more barriers to operating. Historical SP highs are 300p 👀
#GRL Cont.

But don't take my word for it. Read through the last 3 years RNS and it's worth visiting their website and viewing the latest presentation, links below.

For me, LT target 22p with near term of circa £25M MC (10p)

http://Goldstoneresources.com 

https://www.goldstoneresources.com/documents/presentation-q3-2019.pdf
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