In response to Rhama's call for an opinion on GPR in the SGQ...

In response to Rhama's call for an opinion on GPR in the SGQ thread.


Hi Rhama,

I like GPR. In my opinion strongly undervalued.

I know Mark Bojanjac well enough to know that he doesn't operate with idiots or people incapable of generating value. Between he, Milan and Ron, they will be looking at the evolution of the company in terms of the bigger picture.

The addition of the Woodlark project helps cement the vision of the company - now three chances for value-driving assets from which to grow the company. I believe they would run three projects in tandem.

The Fijian projects collectively are good - I see the opportunity for at least one if not two stand alone LS Epithermal systems, perhaps 1-2Moz high grade.

Kou Sa will provide ongoing discovery opportunities, but over a more protracted timeframe. The fundamental geology and exploration model is good, I'm ignorant of the socio-political aspects though. The 150/160 mining proposition 'starter operation' is perhaps a good way to initiate a cash flow, but perhaps with a market that is getting slightly better, attention may switch back to finding more ore, especially if Woodlark gets taken to production first.

Unfortunately that's all I can offer at the moment as I'm in a rush, but if you have any specific questions, let me know and I'll do my best to have a deeper look.

Cheers,

GB