Updated: Oct 23, 2020
Golden state mining is currently doing gold exploration at Yule South which is about 13 km away from De Grey Mining‘s (DEG:ASX) Hemi tenements, where DEG:ASX received very impressive drill results, which took DEG:ASX‘s share price from 5 cents to $1.6 in just 6 months. GSM:ASX has only 50 million total shares on issue with Market cap of only 15 Million. Considering the nearology GSM:ASX could give huge amount of return, however just keep in mind that exploration companies are highly risky investment, so there is a high risk vs high reward. GSM:ASX is expecting to deliver phase 2 drill results by mid or end of the November 2020. Note: This is not a financial advice. Please make your own decision.