new sprott note, page-13

Repost: someone had other post removed....

Been scaling down my position in WAF recently and was looking for a few ASX goldies with deep value to add to my holdings. It looks like GPR may fit the bill!

Bulk tonnage, low cost deposit with a material resource. Fully financed to production. Despite hefty finance terms, the deal is with Sprott who is a useful 'partner' to have in this regard.

Slight jurisdictional risk which is offset by a new quality management team (which in my opinion is most important), who have had extensive experience operating in this jurisdiction. Like Rick Rule I like to take jurisdictional risk over technical risk in a project.

Share churn from old holders and from the recent financing likely coming to an end. Value buyers slowly accumulating..

Quality developers less than 2 years from production are my favourite to invest in, done it multiple times in EMR, ORE:TSX, AOT:TSX, MAI:TSX, Continental Gold, CAI Etc.. and for the most part they have all been profitable leading up to production.

For the cherry on top: the technicals align with a falling wedge....