And now the Copper price enters the mix big time for GPR!
http://www.mining.com/copper-price-jump-china-concentrate-imports-hit-record/
The current copper price has now recovered to match where it was in July 2015 when GPR was valued at 35/41 cents (depending on level of capex) soley based on the copper potential for Kou Sa project in Cambodia. See:
http://www.**promotion blocked**.com/fully-funded-asx-explorer-following-in-sandfires-footsteps/
Fast forward to February this year when GPR positively renegotiated terms of acquisition timing wise in view of the drop in copper value to a 6 year low the previous month which no doubt affected potential of the project.
However, last week Copper was up 37% on the price in mid January and this is very good news for the Kou Sa Cambodia project with analysts projecting more increases in the copper price.
More background reading here:
http://www.**promotion blocked**.com/gpr-looking-to-prove-up-cambodias-garden-of-eden/
http://www.**promotion blocked**.com/gpr-the-copper-gold-explorer-with-an-ace-up-its-sleeve/
As Woodlark PNG is marching towards production startup and taking front stage, Cambodia and Fiji projects should also be factored in when you DYOR.
A speculative stock sure, but I like the fact the company is not dependent on one project or one metal.
Parcel locked in at 3.85 cents average.
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