Copper Past Production- Alwin Mine
- The shallow high-grade potential of the Alwin Mine project is compelling due to the project’s location adjacent to Teck Resource’s Highland Valley Mine operations including its favourable elevation and hill-top topography
- Recently completed a drilling compilation that captured over 50,000 metres of historic surface and underground drilling
- Currently Drilling! Targeting potential extensions of high-grade Copper+Silver+Gold mineralization
Recent Drilling Highlights
- GSP’s recently completed drill program in late 2021 returned high-grade intersections including: Hole AM21-08B: 1.6m of 1.24% copper, 10.4 g/t gold and 16 g/t silver (6.13 % copper equivalent)
- Several relatively shallow intersections from the 2020 and 2021 drilling programs at Alwin have return high-grade results including: Hole AM21-01B: 6.4m of 3.50% Cu, 2.4gpt Au, 39.6 gpt Ag (4.66% copper equivalent)
Excellent Capital Structure
- Tiny market capitalization of less than CAD$5 million
- Insiders own +30% of outstanding shares
- Tight capital structure provides investors maximum leverage for valuation re-rating
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Financials
View our filings on SEDAR.
Annual General Meeting
2023 AG&SM Meeting Materials
Capital Structure
Issued & Outstanding Shares:
27.2 Million
Fully Diluted:
35.5 Million
Working Capital:
CAD $0.5 million
Market Capitalization:
CAD $3.3 Million
Enterprise Value:
CAD $2.8 Million
- Skin in the game: Management & Insiders Hold ~32% of I/O Shares (8.4 million)
- Recently welcomed legendary British Columbia mineral exploration participant Richard Billingsley as a 10%+ shareholder and reporting insider
Share Structure Detail
Amount:
Notes:
Basic Shares:
25,923,273
-
Options:
2,515,000
Warrants:
5,883,190
Fully Diluted
35,549,195
As at November 1, 2023
Shareholder Value Creation Strategy
Projects
- GSP has an option to acquire 100% of Alwin Mine Project; and owns 100% of the Olivine Mountain project
- Recently negotiated deal to partner on Olivine Mountain Project with Full Metal Minerals (TSXV:FMM)
Structure
- Management is committed to carefully managing capital structure;
- Focus on projects that can add near-term value to shareholders
- Opportunistic acquisitions focussed within British Columbia
Macro Trends
- Metals & Mining Capital Markets Cycle in full swing
- Precious metals prices have rallied significantly from cyclical lows, and base metals have followed
- Copper supply crunch is currently unfolding with Copper price approaching all time highs
