A view13 Jun 2017 17:56
Nothing to write about,billions of £s worth of resources to be formalised,mining and processing to start this year with strong copper and gold prices,with money in the Bank,
The currant 2 sites under investigation are expected to give excellent returns ( according to the Russian information) with a dozen or more to come.because of the finds so far the extended drilling programme will be increased after mining has started.
GEO has about zero capex with regard to the building of a production mine as it's JV has spare million ton pa capacity.
Also GEO has the management contract.
A number of Institutional Investors holding over 40% of the shares,Just 114 million in issue,a low number,means a tight market when outside interests take hold the sp will move forwards,
How rare is it to have a number of IIs aboard before mining has started.
The IIs have done their DD then invested even buying on the open market.
Few similar MKTCAP AIM resource companies can boast the intention of dual production of both gold and copper.
Sp is good for trading and taking profits when it starts to move.
Sp is also good for holding in the short term,I both hold and trade.
DYOR as it will back up the 99% majority of opinions that the sp is going places.
I expect the eventual gold resources to be declared at well over 10 million ounces,this will thenclassify GEO as one of the few major recent finds of size this year.
Also copper demand is expected to outstrip supply within a couple of years.
As all the above comes together it's entirely possible predators will be looking to get hold of GEO.
So GL and enjoy making profits.