Golden Predator Mining Corp. T.GPD

The Wait!!

[awacs1]

When the oz on the pad are included, GPY has about 2.64 million oz. The current MC values these oz at $14.60 each. The cost of aquiring Au oz in the ground varies significantly, and runs up to $300/oz. Assuming someone wants to take GPY for at least $50/oz that would more than triple the current MC and be small change for some of the majors. Risk reward here is very much in favour of a hold. But we are in stage 3 of the Lassonde curve so only a takeout offer is going to move the needle and that should happen after the BFS in Q1 21. In the meantime it is dead money, and a taxloss candidate. That prospect alone justifies a very low sh-t bid!