Experienced Leadership
Our deal team has extensive experience across critical functions of successful resource deals:
- deal structuring
- sourcing and acquisition of assets
- exploration and development of assets
- capital raising
- legal & regulatory
- marketing and promotion
Excellent Capital Structure
- Tiny Market Capitalization
- Management & Insiders Hold ~25% of I/O Shares
- Fully funded with working capital of ~$CAD 1 million
- All pre-IPO privately issued shares were voluntarily pooled above and beyond TSXV policy to demonstrate long-term commitment of Management and Shareholders to create Value
- Free trading float of only 12.1 million shares
Southwestern BC Focus: The Alwin Mine
- January 2020: Obtained option to acquire 100% of the past-producing Alwin Mine Copper-Gold-Silver Mine
- Spring-Summer 2020: Completed Data compilation, 3D modelling of Alwin Deposit, generated expansion drill targets, obtained permit for Fall 2020 Drill program
- Fall 2020: Phase 1 Drill program focused on expansion targets as well as drilling to support re-interpretation of the historic Alwin Mine deposit
Financials
View our filings on SEDAR.
Join our Mailing List
Keep up to date with GSP’s latest developments.
Capital Structure
Issued & Outstanding Shares:
18.7 Million
Fully Diluted:
24.2 Million
Working Capital:
CAD $1 million
Market Capitalization:
CAD $7.9 Million
Enterprise Value:
CAD $6.9 Million
*All pre-IPO shares are subject to 36-month escrow release schedule;
- 0.850 million non-insider pre-IPO shares remain escrowed;
- Management & Insiders Hold ~25% of I/O Shares (4.2 million);
- Free Float: 12.1 million shares (as at Feb 24, 2021);
Share Structure Detail
Amount:
Notes:
Basic Shares:
18,722,274
-
Options:
1,665,000
Warrants:
3,844,999
Fully Diluted
24,232,273
As at February 24, 2020
Shareholder Value Creation Strategy
Projects
- Recently acquired option to acquire 100% of Alwin Mine Project; option to earn 100% of the Olivine Mountain project
- Acquire and develop precious and base metals projects in Southwestern BC
Structure
- Focus on efficiency and risk mitigation:
- Carefully managing capital structure;
- Focus on projects that can add near-term value to shareholders
- Analyze potential acquisition with a strict Risk/Reward analysis:
- Opportunistic acquisitions
- Targeting projects at appropriate stage for public company exploration vehicle
Macro Trends
- Metals & Mining Capital Markets Cycle in full swing
- Precious metals prices are rallied in 2020,and base metals are now following
- Post COVID 19 crisis monetary and fiscal policy are supportive of commodity price bull market
