Don't Underestimate the Value of Drilling.
While production is a very good goal to have, drilling and adding to mineral reserves and resources can be far more valuable to shareholders than a return to production alone. Many successful junior gold explorers set production aside in favor of drilling and adding to reserves and resources. How do they pay for this ceaseless drilling without production? - Usually by issuing dilutive shares. Why are shareholders happy about that dilution? - because the addition of reserves and resources greatly outpaces the dilutive effect, so the shareholders see their value increasing.
If a company dilutes it's shares by 25%, but uses that money to drill and increase its reserves and resources by 50%, shareholders can see a 25% net gain. Many successful junior gold explorers see production as a distraction from drilling (which is their big money-maker). Many successful junior explorers drill and dilute, and drill and dilute, and grow reserves and resources and grow shareholder value and the shareholders are thrilled - even with no production plans.
We will make FAR more money here off of GSPG's drilling for new ounces, than we will make from GSPG's production of existing ounces. GSPG could easily have 10 million gold equivalent ounces found in coming years, that alone, without production, could support a market cap of $1 billion, and with production, could support a market cap of $2-3 billion (at today's gold and silver prices). Now throw in a doubling of gold prices and 5X silver prices, and you could see a $6 billion market cap.
The best of both worlds will be production (eating away at reserves and providing income for drilling without dilution), while drilling outpaces production, adding ounces to mineral inventories at a far greater rate than production consumes those resources.
JMHO
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