Hi Mikeer!

I do not have longer term target prices for the stock because I still want to see more financial information presented to shore up the trend of rising income and rising production. At $20 silver I would think there will be a lot of retail bullish sentiment and a wave of money flowing into the sector, so GPR could easily be a $5 stock by then just on the excitement of a lot of new investors attracted to a very small sub-sector. Sure the company would very likely be generating strong earnings in that environment but it will not be the fundamentals that are driving the share price, IMO.

On a technical basis, GPR has carved out a very clean uptrend channel this year, and once we break above short term resistance around 65 cents I think the stock will rise to the upper range of the channel around 80 cents or so before consolidating.

I think the outlook for silver itself is pretty strong for the rest of the year. That alone should generate a tailwind for juniors like GPR. I think management has done well to communicate their strategy and then execute on their objectives, and the challenge should be easier now that GPR is generating positive cash flow. The growth should be able to continue for a while yet, based on the high potential for the two operating mines.

My synopsis then is for a higher share price based on the improving fundamentals and the bullish technical outlook, in the short term. Beyond this year, who knows what the market will throw at us? I have been a buyer of silver juniors because I believe that in time silver will set new all-time highs and all of the juniors will be strong performers as that happens. The risk level for GPR today is much lower than in years past, and that is why I started a position. From here there are too many unknown unknowns to guess at how quickly we will get to the big payoff. I just remain confident that its coming.

cheers!

mike