Positive news
Shaw & Partners have initiated coverage with a buy for $1.37
No doubt this will add further credibility, and potentially more broking firms initiating coverage with a strong buy.
Whilst i personally think $1.37 is rather low, i have no doubt this will rise with debt funding, resumption of works and the significant further exploration upside in the coming months.
GPR is stupidly cheap compared to its peers
"Once in production (expected in 2022), at today’s share price Geopacific will be trading on a PE multiple of just 1.3x and an EV/EBITDA multiple of 0.2x. Geopacific is one of the cheapest gold companies listed on the ASX with an EV/resource of A$15/oz compared to a sector average A$226/oz"
Thoughts ?
New Broker Coverage
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