Sure what they do with it is important. However, they have a marketcap that is below many speculatives that have nothing in the bank. Look at a VIL for example (and I do have an investment in them). They have a couple of mill only because of a recent placement and they have a higher marketcap. Many others are like them.
The ironic thing is GBP could go out and farm-in to some moose pasture apparently containing all the minerals in the wrold based on drilling in 1960 and the excitement would make their price rocket.
I prefer that they stick to their strategy and keep looking for these highly prospective plays. They have a few more this year that are very prospective.
GBP Price at posting:
19.0¢ Sentiment: None Disclosure: Held