GSPR has been de-risked, thus better probability of success.I love buying companies that have great share structures and have been somewhat de-risked, that doesn't always mean they are winners, but in my experience, this approach has certainly provided a higher probability of winning on average in the long term. Generally, when a property is initially investigated, there are ground studies, analysis, raising some money, a strong promotion around drilling, then pump and blow out of stock unless in the rare occassion they actually hit something of value (such as NFG in Newfoundland). In the case of GSPR, there is already copper and gold confirmed in the ground as evidenced by past a producting mine (Alwin), thus they pay more for it, and are able to raise money at higher prices because they are hoping a few good holes will raise the price higher and allow for a less diluted financing. Also remember here there is the potential of an open pit mine. From a press release below....
...".... 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. The underground mine, which was developed over a 500 m long by 300 m deep by 150 m wide area, produced from 1916 to 1981 from six major subvertical zones 233,100 tonnes that milled 3,786 tonnes of copper, 2,729 kilograms of silver and 46.2 kilograms of gold. Gold and silver content associated with bornite increase with depth within the individual mineralized zones. ..."....