Is this an 80ohm resistor?

[sdancer75]

As far as I can see this is grey, black, black,red a 4 band resistor which means it is 80ohm. Am I correct?

[jaromir]

Looks to me more like 10uH inductor; also see print on PCB (Lxx - usually inductors).

[sdancer75]

Really? I saw the PCB and I also measure it about 1ohm, which indeed means it's an indicator.

I didn't know that indicators have also this package..... Sorry

[Psi]

The package is an odd width-length ratio too.
Another clue that it's something non-generic.

[drussell]

As far as I can see this is grey, black, black,red a 4 band resistor which means it is 80ohm. Am I correct?

Not only is it not a resistor, but you're reading the bands wrong, that is actually brown black black silver. 

[coromonadalix]

Inductor it is

and yes  brown black black silver

[sdancer75]

excellent thank you !!