For those interested. Sprot has put out a new report... Unsurprisingly they are still very positive (of course... they are owed $100m USD). I am not really interested in GPR due to the risks (though I can understand why many here like the perceived upside)
The reduction in the price target... is what matter the most for me. Sprott can talk all they want about the upside, but... the project has a lot more issues than first thought (or perhaps cracks were... not as obvious to those 'sweating' the project in regards, to the funding package........ - pure speculation on my part)
From $1.30 down to $0.90. 30% reduction....
Yet they feel only a $20m creep. Pretty sure that does not equal 30% of their valuation.
I have slowly learned that in a lot of cases, more money can be made by following the best, because the valuations received for proven producers is so much higher than 'high risk plays' (like CMM).
Good luck to all holders.
GPR Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
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