GPR 6.25% 3.4¢ geopacific resources ltd

Faddy's prospect is the most advanced of all GPR's Fijian gold...

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    Faddy's prospect is the most advanced of all GPR's Fijian gold prospects, which are all interesting prospects in their own right. Should gold ever hit the heights that some commentators predict, I wouldn't mind having any one of them in my portfolio.

    Faddy's is the most advanced gold prospect re. exploration and, as far as I'm aware - due to announcements made by the company dated 14, 16 and 24th of 2016 -, they have been either drilling or planning to drill there since those Anns. From memory I'm also sure that they were going to announce drilling results from Faddy's before Christmas. These results haven't come - probably because of the focus on Woodlark - but in a recent announcement they said drilling was to recommence there soon. Should Faddy's become a mine, there is a toll milling opportunity located nearby. Think you're right S-vivo, at todays gold prices Faddy's would, at the very least, see cash flowing into the kitty. Preliminary trenching and drilling results look very encouraging.

    I guess there are many ways we investors might predict GPR's game-plan. My spin on it is this; should Woodlark become a producing mine, it might supply the extra funds that Fiji and Cambodia need. Also, for anyone checking out GPR's website - and have an interest in potential Mother Lodes -, check out their prospect 190 in Cambodia.

    I like GPR's enthusiasm for Woodlark and hope it becomes the producer they're chasing, but I also like the promise of many of their other prospects.

    Cheers

    Rhama
 
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