Well, it all sounds very positive. The heavy dilution would explain the share price but oh well, at least now we're all cashed up and ready to roll.
Mobilization at Woodlark to happen soon, they mean business there but I'll also be interested to see the gold results from Fiji. I mentioned prospect 150 in my previous post when I should have called it prospect 190, my bad, but it's an area I've always wanted to see being explored. I guess to prove its resource will take more time and money than the other projects, so its on the back burner for now.
A question I'd have for anyone who knows, is: if GPR can prove up Woodlark (or Fiji) with a JORC reserve and a mining plan, would this make them more favourable for finance? How hard would it be to borrow money to build a working gold mine? I'm sure I read in a previous announcement that they were considering the option.
So drilling Woodlark before Christmas with lab results, I guess, due early in the new year. GPR also sound keen to get the project up and running. Therefore I also wonder what sort of timeframe they might put between the day of turning the first sod - till the mine's first gold pour. It's my view that now that there is over a billion shares on the register, it's time to deliver at least 1 if not 2 working projects somewhere in the not to distant future. And, to their credit I believe, GPR seem to be moving towards their goals.
At this point in time I'm happy with what GPR are doing; a spike in the gold price and it might look even better. I like the way they have projects that can see them well into the future and I'm glad they're working to prove up a resource in the here and now. I was also impressed by the new addition to GPR's management team, good score.
Cheers
Rhama
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