They dont want to waste time sitting and waiting for the Brazil mine to go live before they start exploring the potential 1million ounce PNG Crater Mountain.
This is the right thing to do, keep digging finding the gold/copper resource with funds from this share issue, while the price of gold skyrockets to new record highs!
Estimated to hit $US1300 per ounce by Christmas 2010 and $1500 by late 2011!
Springtree Investments will also keep pumping money into GOA to increase their shareholding while its cheap and a PNG resource hasnt been found yet!
GOA Price at posting:
1.7¢ Sentiment: LT Buy Disclosure: Held
