the article stated.......
Shaw and Partners has initiated coverage of Geopacific Resources ((GPR)), a small gold company developing the Woodlark Island project in PNG. This is a simple open cut operation that is expected to produce 100,000 ounces of gold per annum over a 13-year mine life and does not face some the usual problems associated with operating in PNG.The broker has a Buy rating and $1.37 target for Geopacific Resources, noting there is significant exploration upside on the island.
New Broker Coverage, page-7
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