After reading the current OHD Ann thread I felt it is time to go back to this thread to summarise where GPP are at since I posted last on this thread in late April. As many know I came in initially for lithium but have been swayed of late that OHD is the most likely of GPP's projects that might come to fruition. Since late April GPP have had a few good announcements but the missing of certain deadlines too me has been a concern and reflective of the stagnant SP since then, therefore IMO the next month will be critical to GPP, in particular the upcoming hydroponic results and PFS study results. Those Anns IMO we provide a course one way or another for GPP over the next few months SP wise of where it is at.
For any new investors/sceptical investors this thread provides other information as well. You decide to read on or not.
Since April posters here have also debated whether GPP has too many projects which is a good problem to have IMO but can be a distraction where funding might be considered tight, as is the case with GPP. Personally, I would rather be in this position of having a lot ofn options than not in deriving a potential process to revenue . Nonetheless, what I would expect is that they will do a little more work on each project and see where that gets them before deciding on their preferred path to development, assuming any of the projects below are goers, and that is why GPP is still a speculative stock because it has risks. They will then IMO seek a JV partner in projects or flog some projects off to fund the other projects, but what that strategy will entail is further down the track. That is IMO
To be blunt:
1. If OHD is proven I suspect a JV partner will come onboard sooner rather than later. I see this the most developed of the GPP projects so when the PFS and economic study is released for OHD we will see what that strategy is in relation to JV partners. The hydropinc results we be a key IMO to realising that potential earlier rather than later, or if at all realising potential, as well as determining how the pilot plant be scoped if OHD is a goer so that additional units could be added to it in the quest for a commercial plant, see Post #:
25181088 . The next month is critical for OHD with two key announcements to come, hydroponics and PFS. Missing these deadlines will IMO send a negative market sentiment SP wise, unless of course get other announcements below. The pilot plant if at 20 tonnes can supply an ok amount of product as well IMO and engineering design IMO will be one that allows other units to be attached to the pilot as well, see Post #:
24730761 With current funds IMO to be used in 2 below the funding of the pilot plant will be a key that the PFS will need to address, but suspect with R&D tax incentives available IMO this might provide that opportunity for a JV partner to come onboard earlier than not or getting some Commonwealth funding but obviously the other option is having a CR or some other funding option. Critical points to understand IMO.
2. For Morabisi, I suspect they will do some further work and then either seek another JV partner to farm in farm out of the project or split the acreage depending on what seperate minerals are found in commercial quantities there, if any, and either seek a JV partner in one or both or flog off one or both acreage areas. IMO GPP also has sufficient funding for initial exploration, without compromising 1 above, before a CR is required, see Post #:
24734529 and Post #:
24734529, but note the window for development will close over the next few years, see Post #:
24930645 If 1 is a goer I would not be surprised if this project is derisked or sold off as part of a funding strategy of 1 above IMO. The delays to exploration here IMO could impact the funding options of 1 above but that is IMO.
3. Potash - this project has some way to go before any assessment of whether it is a goer or not can be made, but suspect it has natural linkages with OHD.
4. REE - I find this project more of a distraction at the moment, and far less developed than potash above, but obviously if the drill bit does some talking provides IMO an option of getting further benefits in that regard, particularly if the Japanese become interested.
Post #:
25074834
Post #:
25200291
I continue to see GPP's main project been 1, with Morabisi the one that might be subsequently sold and/or GPP and GSM becoming minority SH as other JV partners farm in if commercial quantities are found (depending on what is found there to be commercial).
All the above is IMO. It is a nice problem to have, but by year's end expect, or probably the need for earlier, a more thorough commercial strategy to be made available on exactly what will GPP do with its projects. I do see the window closing for new greenfields developments in lithium closing in the next three years so I expect them to get cracking one way or the other.
To sum up, I expect GPP to work on all projects, probably with teh majority of work in points 1 and 2 above, in the next few months and bring them up to a requirement that allows a JV partner to farm in with the JV then doing the work on that project, or allows them to make a decision to sell, or decide the project is not worthwhile. I suspect the core GPP project that they will always retain is OHD.
All IMO and yes I am speculating as GPP is a speculative stock. As I said the next month for OHD is very very critical to where GPP is going to go from here. Don't lose sight of the prize but ensure you remain informed on where the prize is heading or not. DYOR and all IMO.
(20min delay)