Mikeer -
It looks llike (technically speaking) the price of GPR "digested" the recent move up and retreated. After a quick consolidation, the price has moved back up a liitle. Setting a new support level around $.80 is very comfortable to me.
I think that your price objective of $2 is very reasonable. If the company can continue to grow organically (as suggested by Mergatroyd), $2 may become a not too distant price support.
I like it when well-run companies get rewarded by the market. I'm going to go with these sort of "organic," well-run miners from now on. They may not the the "glamor-boys" but I think they wil have the "staying power."
- Panamax