Fully agree Strauss. GPH just happens to have a relatively advanced project with a lot of the work already done by WMC and a market cap so low that 25c is well in view, especially, as you mentioned, what their next door neighbour WHE has just done.
In fact GPH could well be onto one of the largest highest grade deposits in the world, and at a time when the prices could be heading back up. All the expensive work seems to have been done in the past by WMC so all that remains is for GPH to do some confirmation drilling and they could announce a massive JORC resources within months.
One has to be very grateful to WMC for the way they collected and stored all their drilling results, samples and core for future benefit. Hopefully modern explorers will learn from this and do the same.
Strauss, 25c may be too low a target! Time will tell.
These gems come along from time to time, but not very often, so hold on and enjoy the re-rating.
APC Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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