RE:under 15 million shares YourMaster, perhaps a $1 to $3 stock is more realistic given the share structure once they refinance a few times at higher prices. What is important is that since they financed at $0.15 and not a massively dilutive cheap financing at lower prices, the good share structure will allow them to raise capital at higher prices with less dilution, thus the price and valuation is better for everyone, i.e. less stock allows for higher valuation provided they can raise money. Next step is to drill, hit good cores, which will naturally move price higher and allow for a larger capital raise to increase drills and get to a resource more quickly.
As mentined below, Alwin is a past producing mine with a significant data set located next
Teck Corp.'s Highland Valley mine, the largest open-pit porphyry copper-molybdenum mine in Western Canada. If all the cards are played correctly, this could become a significant stock play. GSP Resource Corp. has engaged Renaissance Geoscience Services Inc. of Kamloops, B.C., to reinterpret historical drilling and mining data related to the company's Alwin mine copper-silver-gold project. Renaissance will compile, analyze and model historical geological data collected from several previous operators in order to support GSP's upcoming 2020 exploration program. The analysis will also include the three-dimensional modelling of key unmined zones of the past-producing Alwin underground mine.
The Alwin mine copper-silver-gold property is approximately 575.72 hectares and is located on the semi-arid, interior plateau in south-central British Columbia. It is adjacent with the western boundary of Teck Corp.'s Highland Valley mine, the largest open-pit porphyry copper-molybdenum mine in Western Canada. Alteration and mineralization of the Highland Valley hydrothermal system extend westward from the Highland Valley mine onto the Alwin property (see news release dated Jan. 30, 2020).
GSP Resource president and chief executive officer Simon Dyakowski commented: "With drill permitting at the Alwin mine project now well under way, we are pleased to work with Renaissance to generate new drill and exploration targets ahead of the commencement of 2020 exploration activities. GSP has compiled project information from previous operators spanning over several decades. We expect the information to prove valuable in spotting drill targets to potentially economic unmined high-grade zones within the Alwin deposit, as well as to support generating exploration drill targets to the north and east of the past-producing Alwin mine."