GPP a new beginning, page-85

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parker11

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11/07/18

17:38

Post #: 34282521
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Originally posted by Davy Boy ↑

Parker.....this is just my opinion but I really don't care about what the new management are like.....I care about what the new leases will be like. To be honest I think they are pretty flimsy for what we are being asked to contribute in $$ terms.
Phase 1.
110,000,000 million shares at .005. = $550K + $510K cash+ $500K exploration spend to get the right to phase 2.
1.56 million to have a peek and we get ~ 28% of the Lincoln lease for that and 40% of the others......not very good IMO considering we are taking all the risk.
Ashburton's headline is the 1.89% cobalt.......the next highest reading is 6.5 x lower at .29% and they drop off pretty quickly.
Newcrest and Peak Resources have done extensive assays over Ashburton......yet we are led to believe it a great prospect? Peak did over 700 assays.
Julia Creek they have done nothing at all there.....but reasonably expect there to be Vanadium there......how did they come to that great piece of wisdom.....there is no exploration permit yet?

Lincoln......all the sampling here has been done by the seller...ie Australian Lime Company....which is actually named Carbine Holdings now but we are supposed to take their word for it......would it not have been sensible to include some independent or GPP assays to be done before a full blown commitment? DB

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my problem is if samples are so good how come were in this space wouldnt it have been snaped up prev

GPP Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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GPP a new beginning, page-85

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