Golden Predator Mining Corp. T.GPD

Wallbridge follows GPY's lead

[goodtoreadthis]

Wallbridge and GPY suffer from the same FIRST CLASS problem, which is high value veins, some of which are "nuggety".  As Rick Rule has pointed out, measuring the total volume of gold in a "find" is tough to do if a good portion of the gold comes in nugget form.   GPY management is smarter than the average bear as Yogi Bear used to say. GPY is using bulk mining to "even out" the nuggety effect and they are processing that ore into dore bars themselves. 

Along comes Wallbridge, buys Fenelon from BAR and runs into the same high value nuggety vein problem that GPY is over coming. Wallbridge is adding one new feature to the GPY approach - it is borrowing money for mining and paying the loans off using the revenue from the bulk mined ore. 

Both companies could carry this one step further and do as the LI industry has chosen to do, which is self-finance without banks . GPY could expand their processing facility, make and selll the dore bars and the share price would most diffinately rise. Given the absurdly low price GG accepted from Newmont says GPY would be crazy to chase a buyer in this cheap skate market.

Hats off to GPY management.