Value Microcaps Junior Miners

[checkmate28]

DB7 RE GPD.TO/GPRXF Thanks you. U put me on the dig with that post. Finally found some weakness. Just took 50k GPRXF at .50

First I like the mgt as I think Bobwins mentioned. They are very neg on dilution.

Royality Pmts now $1mill/yr & growing to 10k oz gold/yr net in 18 to 36mths

Just out 43-101 demonstrates a high quality, low cost project

Fully permitted Brownfield should start Phase 1 production by Q4 2013 .... 30 - 40k oz for 3-4 years at a CAP EX of 25-30 million
3 offers to finance are on the table for a choice by May 12 w/PR from the company.

Cash cost for Brownsfield leach pad restart 500/oz

Bigest land holder and Next producer in Yukon. They are actually one of the few companies with infrastructure NOW in the Yukon and are able to drill 12 month a year. 2012 40k meter drill prog Budget 18mil.

Phaze2 2nd mine - million oz open pit oxide
125k/year initial pour 2015 cap ex 100 - 140 m
PEA for Phaze2 EOY 2012

Phaze3 Sulfide plant Hi Cap ex for mill


19million in cash with a market cap of 70 million puts the EV at $50 million.

Bottom line. Large upside grown organically from 50m
Might take a while to get going but I like it.

Checkmate28