I don't generally engage on value questions because the market is the 'market'. Its a measure of investor confidence/leverage/fear/greed rather than project value.
However, since you ask, I observe:
Fiji clearly has value. It would stand alone and did so before Cambodia presented.
Fiji they say, HAS mineralised porphyry. Economics are yet to be ascertained with further deep drilling.
The potential immediate economics of Cambodia driven by its off-the-chart grade in several metals from first drilling currently overshadows Fiji (and anything else out there), in a market ignoring anything but near-term +ve cash-flow. Cambodia could deliver that pretty quickly if these grades continue at even a fraction of the current results.
Cambodia has the potential of early economics whilst unlocking its own big picture source of mineralisation. An immediate company-maker in the making with very tangible upside.
Spinning Fiji off makes sense but not just-yet unless there is an equally undervalued merger opportunity IMO. It will have its day.
$20M for Fiji 'as-is' in this 'ASX market' is an ask as GPR's is M.cap. is still only $16M. The apparent discount IMO is a function of the investor market not the projects themselves. Fiji is a therefore a 'keeper' for a better market or maybe an immediate JV with a bigger player spending the $$ I think.
Cambodia is potentially tonight's lottery prize draw with several balls already drawn with their numbers on your coupon........one more powerball and.......
GPR Price at posting:
8.5¢ Sentiment: LT Buy Disclosure: Held
