This new talk of "billions" casts my mind back a few weeks when a poster by the name of "Mauro" I think asked if any recent company announcements had ever reflected other posters exuberant claims of possible billion $ resources. I dont think anyone at the time went over 5 billion.....At the time I inteded to post what i am only posting now and that is that the the company had actually released announcements to the market indicating the possible value of these resources some time ago.
One announcement stated that the company was sitting on an in situ Indicated Mineral Resource of $15 Billion based on the price of Vanadium at the time!!!! Not only that but it was in the process of feasibility studies at the time..Not only that but GPN also announced to the market under continuous disclosure that they had indeed been approached about the Gabbanintha project....so what happened?......
it seems the Uranium issue took the drivers seat, and why not....considering the boom times for Uranium at the time. They ended up going down the path of an in specie distribution of YRR which was contain both the Uranium and Vanadium assets. It was intended (had it listed) to boost the profile of Gabbanintha and also generate some cash to help prove it up.
We all know that it didnt list the first time but for those that managed to hold on the company is in a much better position now and they have reworked the structure of the spinoff to deliver maximum benefit to the share holders this time around.
The fact is all GPN ever did in the past, before the current management, was hope that the big numbers would mean the project would sell itself and they wouldnt have to lift a finger. How ironic. Now that time has past it is worth more than ever.
This time they are doing it right and they are making a go of it. The facts are YRR is listing this time and there has also been holes going into the ground. Results from gold any day, weve all heard, and there will be a follow up program at Peak Hill soon after. Drilling will also commense to increase the Vanadium at Gabba, and it will, and drilling in NT on current and who knows what other tenements.
Its amazing what a bit of action can do. The company sat idle for so long with all the potential many of us know about but its only now through action can that potential finally be realised.
Geez, that was way longer than I intended. Itll do for now. Hope it helped explain some ... thing.. or other.I gotta get up early.
Good Luck.
BTW - T4P if your out there. Good to see on board here mate. Really encouraging.
GPN
greater pacific gold limited
