GPR - Time to buy?, page-143

GPR essentially "control" Kula as they have the majority of directors, so that is not an issue.

You really need to be patient, Oppdigger17. Firstly, exploration is a long game and it takes time to do all the stages to get to the decision to mine point. GPR is moving sideways/backwards on lack of news and whilst investors await two key developments. First, the DFS which will firm up the PFS numbers and second, the renewed exploration program, largely in new areas and where historical work and the geology is suggestive of significant additional mineralisation.

The recently announced exploration target of 5 million ozs is large and if a significant proportion of this target is realised, then the overall economics of the planned operation improve massively. Both the DFS and exploration news is probably forthcoming in the next couple of months and if positive (which I fully expect it to be), then the potential value of GPR increases considerably. Any exploration success in the new target areas would also probably give greater confidence to financiers who would be approached for debt funding. Whilst you wait for both the DFS findings and new exploration results, go back and re-read the PFS as those numbers are pretty robust and should give you some confidence that your investment in GPR is sound.

I suspect until these two critical news items are released to the market, the share price will drift sideways. Not unusual for a junior looking to transition to a miner. It will be re-rated on decision to mine, securing finance and of course any significant exploration results. This time is an opportunity for confident investors to pick up more stock at what look to be cheap prices. I have doubled my investment in the last few weeks on the current price malaise.