I was a holder last year at around these share level. I sold out making a small profit because I was a little worried about the potential for dilution as the project developed and also was also a little suspicious about the metallurgy. My worry about the metallurgy was eased with the announcement about the test work on prospect 150 in March.
The current raising is testament to the appeal of the project and should underwrite the current share price for quite a while IMHO.
I suppose the only big uncertainties left are the size of the resources and the capital requirements for the mine. I prefer to invest in smaller higher grade operations, which this appears to have the potential of being. Still not sure what I'm doing with it though, but definitely on the watch list. Hopefully I can time my entry so as not to miss the next price catalyst.
Eshmun
GPR Price at posting:
5.7¢ Sentiment: None Disclosure: Not Held
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