GPR 4.76% 2.0¢ geopacific resources ltd

Yes MIStragic, the elephant in the room is COVID-19. By all...

  1. 748 Posts.
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    Yes MIStragic, the elephant in the room is COVID-19. By all reports it hasn’t impacted the game plan to date. Every thing seems to be on schedule including the critical movement of the Kulumandau village. With 200 new buildings to be constructed, so far 82 have been completed with buildings such as the school, clinic and store well advanced. Time line for the relocation is by beginning of Q4 this year. This will allow the long awaited explanation of the area between the two Kulumadau pits to begin. With A$3 mil to spend on exploration the potential to produce a significant rerate ot the reserve ozs is huge. This, IMO, will be the key driver of a SP movement forward in the short term.
    Sprott’s confirmation of the US$100 mil finance package will give a boost in confidence, and hopefully an SP jump. With A$140 mil in the bank to spend on the project this, IMO, is not a immediate priority. Sprotts’ commitment will happen, not sure when.
    Despite the COVID challenge Woodlark would have to be the most under rated contemporary gold project in play. Definitely has the potential to be a multiple bagger. Sorry Jogo.
 
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