capital gain on disposal of shares, page-5

Hopefully a deal with the vanadium soon will undo some of the damage from the yrr debacle. It may allow gpn to concentrate on Peak Hill and at least actually put some holes in the ground. It would be good to know if there is anything worthwhile. The uranium prospects are not that strong imo and to be taken seriously gpn would need to pick up ground somewhere close to existing mines. This may give them the opportunity to supply feedstock. The vanadium project is most likely to be seen in the same light as building a plant is beyond gpn's capacity. This leaves Peak Hill, which if drill results are positive may lead to either a jv or as feedstock supply for operating mill nearby. The only way gpn can afford to go it alone is to prove there is gold on their land and get the options exercised for cashflow. I look forward to an announcement soon which will include a comprehensive plan for the immediate future.