I agree Oceansun, when you consider the participants in the PP did strike a very tough deal, the share being below C16c for even a short while is hard to figure out. The MCap is at about half of the capital that has been expended on exploration since 2006, and WKP is the shining example of a big system. Remote, hard to drill, it's still there waiting because of that.
GEL is needing to reply to the BCSC, they will need to provide NI 43-101 standard reports on Muirs, the placer sites, and WKP. The latter report will be the first time shareholders have seen a definitive report on the scale of WKP. So I think this could be a watershed moment for the company. Newmont, the 65% partner, will need to help provide the data. As you say, we've seen the drills. Now we'll see the picture the geologists have built up on the resources there.
Placer revenue is kicking up fast, another reason to be bullish about GEL in 2013.
Regards from NZ.