"GORs huge tenement package is a) a considerable expenditure commitment to keep in good standing, and b) a limited window to explore before relinquishment."
One way to deal with that issue is to divide the tenements up into a number of tenement blocks (say ten?) and offer some (say 5) for farm-out to other explorers. If the JVs are negotiated well, the outcome could be very good for GOR.
And if there is a discovery on one of those tenements, then the value of the tenements retained 100% skyrockets.
It may even be possible to arrange things so that the expenditure commitments on the 100% tenement blocks are covered by the expenditure on the other areas.
If the potential of the ground package is as good as is being promoted, then GOR should have no trouble attracting keen JV interest on very good terms.
questions, page-9
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Last
$1.55 |
Change
-0.015(0.96%) |
Mkt cap ! $1.662B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.58 | $1.52 | $6.176M | 3.997M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 96793 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 105844 | 39 |
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| Last trade - 15.50pm 06/09/2024 (20 minute delay) ? |
| GOR (ASX) Chart |