I recently took a position here as I think GPR looks way oversold here. Bear market and substancial holder Spheria are selling shares.
Current market cap is $15m with $5.7m in cash and $21m in long lead items that can be offlaoded means GPR has a negative EV.
Current gold price $2711
ASIC in June 2021 was quoted at $1239 - that's $1472 margin although ASIC is likely higher now.
If they can achive $1000 margin with 100,000oz annual produciton = $100m free cash flow per year (1.5moz over 13 year LOM = 115,000moz)
As an investor getting in now, GPR have already spent a fortune on infrastructure, roads, villages etc. Looks like over $100m spent and you can buy now with a negative EV.
I think this will turn around strongly, perhaps once Gold equities get some love which appears to be happening now. Looks to be set up for a takeover, they have mentioned in previous announcements they are getting unsolicited offers.
DYOR
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Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.17M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.4¢ | $2.765K | 115.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25031 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25031 | 0.024 |
2 | 451730 | 0.023 |
2 | 1049999 | 0.022 |
1 | 500000 | 0.021 |
2 | 325000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 200000 | 1 |
0.026 | 287608 | 2 |
0.027 | 500000 | 1 |
0.028 | 43423 | 1 |
0.029 | 1182885 | 3 |
Last trade - 10.52am 03/10/2024 (20 minute delay) ? |
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GPR (ASX) Chart |