looks cheap

GOP raised $11m cash after costs in its recent IPO.
Current market cap at 16c is $10million (lower than cash).

Will drill Gilbert-1 mid year, holding 50% of the permit. Currently looking for a firm drill slot.

Why is it cheap? Well it spends 95% of drilling costs or $5.5 million to gain its 50% share of the permit. So its healthy cash position will the eroded badly on this one drill (unless they farm-out).

However leverage to upside is significant if Gilbert comes in due to its large share of the permit, so......

The punters will come running for this one in coming months, despite current weakness.

So...get set before the punters...... accumulate on weakness and ride the price rise into the drilling action....

acturtle

I am a recent holder