RE: GGP SP Hits 11p21 Nov 2023 09:49
@gwm,
As I said, a rise from under 6p very quickly (70%+) means some profit taking will inevitably be locked in. So there will be selling into the rise.
The price of gold wouldn't necessarily move our SP until we are closer to production, although, you would imagine large moves and future sentiment in the gold price, would certainly start to effect the SP, if not now, very soon!
As for SP doubling by the time we're in production, this is guesswork, it's for me a minimum, anything could happen between now and then. If we have good results from other tenements, who knows where we could get to.
Good luck all, DYOR