On the ground activity at Woodlark is limited to PNG nationals because of COVID but design activity can continue in Australia along with funding initiatives. The project is on go-slow as a result of COVID and the PNG situation is unlikely to allow it to progress very much for some time.
GPR is well funded for the present, even if it needs further funding to establish a mine and processing plant.
Perhaps the Board should take a haircut until the situation allows progress to pick-up. After all, they cannot add much value as a complete team until things start moving again.
Definitely a buy and hold for now. The fundamentals look good, the timeframe is difficult.
On the ground activity at Woodlark is limited to PNG nationals...
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