GPR

6.25%

3.4¢ geopacific resources ltd

Well articulated and insightful as always. My only other thought...

First 7 Last

Share
Profile

Follow
t_stone

103 Posts.

6

18/10/18

15:28

Post #: 36174697
Share

Originally posted by Dr Jonathan West: ↑

Some of the shareholders need to understand that exploration and mine development is not a fast process. To give you an example, the Freida River massive porphyry copper deposits which is one of the biggest and higher grade undeveloped porphyries in the world was first found by MIM in the mid 1960's and even with a detailed and very positive PFS completed (in fact 2 of them) is still not commenced construction/mining. By comparison, the pace of GPR on Woodlark is essentially "breakneck" speed.

Having said that, I think that we are on track for early decision to mine and every thing to date points to improved economics and the high probability of a significant increase in the resource base (remember the exploration target of 5 million extra ounces) which will also seriously enhance the overall economics of the project, and its attraction to financiers. The slippage of a couple of months - whilst a little frustrating - is neither unusual or of concern. In fact, for believers such as myself, it provides the opportunity to buy more shares in a listless market as others get impatient and sell out, whilst at the same time further reducing the perceived risk of the project. In light of the earlier PFS, I have never had any doubts about the project and the fact that current advice is that they expect to further reduce capital costs and improve operating costs is a bonus. The news that I am more interested in, and likely to get a lot more excited about is the greenfields drilling aimed at increasing our resource base.

Expand

Well articulated and insightful as always.
My only other thought was that it may be a slight stalling tactic while additional resources are proved up to allow for improved valuation and ultimately a better position to negotiate future capital injection(debt or equity). Just a thought and one without much substance but a thought none the less.

GPR Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin jumps 8% to beat record on Trump vote optimism

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

RLF

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 3 more messages in this thread...

First 7 Last

Add GPR (ASX) to my watchlist

(20min delay)
Last 3.4¢		Change 0.002(6.25%)		Mkt cap ! $25.17M

Open	High	Low	Value	Volume
3.3¢	3.4¢	3.2¢	$3.311K	101.1K

Buyers (Bids)

No.	Vol.	Price($)
3	928000	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	214180	2

View Market Depth

No.	Vol.	Price($)
1	888060	0.011
3	350000	0.010
3	7942227	0.009
1	80000	0.007
1	500000	0.006

Price($)	Vol.	No.
0.013	158392	1
0.014	112500	2
0.015	2126211	2
0.016	100000	1
0.018	71428	1

Last trade - 15.33pm 06/11/2024 (20 minute delay)

GPR (ASX) Chart

Well articulated and insightful as always. My only other thought...

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin jumps 8% to beat record on Trump vote optimism

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Well articulated and insightful as always. My only other thought...

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin jumps 8% to beat record on Trump vote optimism

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News