Again I will reiterate my previous statement, I still believe there is a fair amount of risk involved with all of their projects. None the least, a lack of proven reserves, which is the first step of many on a very long towards production.
PNG is not the easiest place in the world to do business and I'm not sure if they have renewed the leases yet but going from explorer to producer is difficult in the best of circumstances.
One of the reasons I like GPR is that I don't think funding will be an issue if they can prove up the ground, whether through more CR or a debt facility they have partners with deep pockets. This has always been a major positive for me. If the likes of RCF and Tembo were not on-board I would be nowhere near this stock.
GLTATH
GPR Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
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