GNM 0.00% 1.2¢ great northern minerals limited

Potential of GPP, page-233

  1. 9,100 Posts.
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    Just to get back to the FA of the stock itself, my thoughts over the last month since this post:

    Morabisi
    1. The latest batch of results from Turesi are ok and confirm drilling potential. Need to drill. See post - Post #: 29975129
    2. The positive for me is that they have hit albite in the trenching and that is important as albite is usually what you find when finding spodumene (it is an outer layer you drill trough to hit your pegmatites). See Post #: 27381624 @ans25 best explained it in this post of his a while ago - Post #: 27317052
    3. The white clay - saprolite - seems to confirm a view once held here as well on hat it is- see Post #: 28172025
    4. Robello - seems now to be the best ST prospect to aid SP in the short term but waiting on banka results. The key in terms of future drilling is whether the deposit is a shallow as against deep deposit - seePost #: 29655929
    5. An issue regarding the project is GPP appears too me to be reliant on GSM to progress the works as in effect GPP is phasing into the project. The question remains whether GPP should take a far more active role in the exploration and progress it at a much faster pace by been more proactively involved. I think personally that GPP should take the lead in the exploration as it is moving too slow compared to what I am seeing elsewhere in other stocks and exploration needs to be undertaken at a faster pace IMO - see Post #: 29995268

    New tenements Guyana
    1. Continue to hold the view that we should focus there on cobalt and copper as per this previous comment of mine in italics below:
    In terms of the new tenements I would prefer they focus on defining a cobalt and copper resource and target those areas where either nickel or manganese has been reported (given this geology is certainly consistent with cobalt). Post #: 28874675 and Post #: 28833140

    OHD
    Funding to be an issue with failure to attain the grant in December 2017. How that impacts the prospect of the 2018 trials needs further clarification by management. This project IMO will trudge along in 2018, but at a even slower pace (unless the funding issues are sorted out IMO).

    SOP
    Project stalled, due probably to funding issues and NT government momoratorium on gas exploration there as my recollection was GPP was going to levarage some of the results from what Origon Energy was doing near us (myrecollection could be wrong there but project has definately stalled).

    Future CR
    Tricky territory but IMO they need to concentrate what funding they have on Morabisi and if they hit some paydirt there then can raise at a higher CR price. If want to progress OHD, via funding the PDU ASAP, and without a JV partner or R&D grant as well, the raise will be needed earlier and at a lower CR price (obviously the risk here is that if Morabisi fails then the raise will be lower). Difficult decisions coming up for management IMO

    I know some are staying away from the forum but these are my thoughts. All IMO IMO IMO
 
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