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Great Pacific Gold Corp FSXLF


Primary Symbol: V.GPAC

Great Pacific Gold Corp. operates a portfolio of high-grade gold projects in Papua New Guinea (PNG) and Australia. In PNG, it holds a significant 2,513 sq. km mineral exploration land package. It includes early-stage and advanced-stage exploration targets with high-grade epithermal vein and porphyry-style mineralization present. Its Arau Project consists of two exploration licenses, located in the Kainantu region, and includes the Mt. Victor Prospect, hosting copper and gold mineralization. Its Wild Dog Project consists of one granted exploration license, EL 2761, and one exploration license application, ELA 2516, located on the island of New Britain and about 50 km southwest of Rabaul and Kokopo, PNG. Its Kesar Creek Project consists of one exploration license, EL 2711, and is contiguous with the K92 Mining Inc. tenements. Its The Tinga Valley Property consists of one exploration license, EL2720, located in the Papua Mobile Belt, which is host to several Tier 1 copper and gold mines.


TSXV:GPAC - Post by User

Comment by mferguson71on Dec 24, 2020 1:56pm
130 Views
Post# 32181205

RE:Ferguson, I see you are over on goldenboy's thread

RE:Ferguson, I see you are over on goldenboy's threadI have done a lot of dd on VQA in the last 4 months. Its one that has limited upside.... for now. Studying the area I believe there will be more opportunities to grow land packages for relatively cheap that are turn key ready to produce near term cash flow. The proof will be in production. There are alot of peers with very similar production as what vqa is expecting is year 1. The difference is these companies are trading at around 5 to 10x market cap vqa has. if they can achieve their goals I believe this is a 20 million market cap stock which from what I have saw from the company so far they have executed for the most part pretty good. The final resource size isnt near as big as fsx as far as resources... but call it a 7x return on money is definately achievable in my mind if production goals are achieved. Loaders and an operation mill that is being upgraded as we speak their risk is lower compared to more complex mines being built that always see long delays and huge increased capex costs. They have a good team on the ground in Brazil and excited to see the news on production. Looking for grade information on the new year and projected production numbers before adjusting my price targets further than the 20 million market cap. Disclaimer....I am a shareholder of both VQA and FSX and others.
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