Not sure the release of the DFS will cause much SP movement unless it comes with an announcement of project funding and if you believe the Petra analysis, the funding is not likely to occur until 2019.
All I will say is I hope they’re more effective at drilling holes than Kula, they stuck $150m in the ground for not much of a result. From my conversations with management they definitely seem like a different breed but realistically it’s hard to see a re-rate coming unless we get a major hit or two.
GLTA.
GPR - Time to buy?, page-98
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