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"Gold Road could be worth A$600-900m based on Gruyere"

Eagle Research analyst Keith Goode reckons the market is undervaluing Australian gold developer Gold Road Resources by at least 50%, with the junior having given up half of the gains made in the year to mid-March over the past three weeks.

"Gold Road could be worth A$600-900m based on Gruyere" "Gold Road could be worth A$600-900m based on Gruyere" "Gold Road could be worth A$600-900m based on Gruyere" "Gold Road could be worth A$600-900m based on Gruyere" "Gold Road could be worth A$600-900m based on Gruyere"

Gold Road is getting a tough ride from investors

Having risen A$0.16 per share to A$0.53/sh (+43%) by March 18, Gold Road has lost A$0.08/sh (-15%) in recent weeks, seemingly on a lack of news and a stalling of the gold price rise.

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