Grayd is focused on developing its La India Project and also further exploring its Tararchi Property.

La India project using 950/oz values the equity over 2.50/share. Using todays value of gold would give you over 440M NPV or over $4/share.

Tararchi will take this to the next level, anaylist have this on their watch list as tops picks and best take over targets with targets in the 2.60-3/share range.

Preliminary Economic Assessment completed in October 2010:

  • 51% internal rate of return
  • US$187 million net present value (pre-tax 950 oz Au)
  • Average 92,000 ounces of gold produced per year over a nine-year mine life
  • Project payback less than three years
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