Ann: Financial Close of Project Financing, page-19

Good for you Gazza - the just released analysts update confirms your judgement .... meanwhile the catastrophists continue to over look the fundamentals and market behaviour and cycles and the validation of recent hedge fund buying .... please remembered that a bullish PT does not immediately translate into price action. There are so many factors coincident at present, such as COVID, labour shortages, stock market volatility, seasonality factors impacting the gold price .... add your own additional factors .... chart analysis can help with trend analysis and aid in entry / exit / profit taking etc, but when things have so many cross currents, strong fundamentals should predominate in investment decisions. The legendary trader Jesse Livermore once said that his best results came from "sitting" ... aka go into stocks for good reasons and have patience for the situation to mature.
GPR has come through a turbulent volatile period of uncertainty, but now the only "unknown unknowns", will be only solved by much more exploration .... already this is a long life project (13yrs+) but if the ore endowment is much larger then the below PT may be conservative if over the next 2 years, GPR makes very post a winner. So, rational conservative analysis surely means that at these prices GPR is a very safe investment ?

"Geopacific Resources (GPR) - Sprott financing finalised, Woodlark fully funded GPR has agreed binding terms and satisfied all conditions precedent to reach financial close with Sprott Private Resource Lending II for the previously announced US$100m project financing associated with the development of the Woodlark Gold Project. All key term and conditions are as expected and announced in Oct 2020 (Figure 1).
Along with A$143m cash (end MarQ), Woodlark is fully funded, with first gold on schedule for Dec’Q 22. Despite the debt taking longer than anticipated, GPR has not slowed construction activities, with significant progress being made.
With funding now in place, we see GPR re-rating as investors refocus on execution, project fundamentals and the significant upside which can be delivered at Woodlark. BUY, $1.00/sh PT (unchanged). Spot NPV10 is $1.20/sh."