Grid Metals Corp V.GRDM

Alternate Symbol(s): MSMGF

Metals & Mining Industrial Metals & Minerals

Grid Metals Corp. is a Canada-based exploration and development company. The Company is focused on both lithium and nickel-copper-platinum group metals in the Bird River area, approximately 150 kilometers (km) northeast of Winnipeg, Manitoba. It controls two lithium properties: Donner Lake and Falcon West. The 75% owned Donner Lake Property is situated 35 kilometers (km) north of the producing Tanco mine, one of only two lithium-producing mines in Canada. The Falcon West project covers 61,200 ha with 70 km of strike length along a prospective contact zone. Its Makwa Mayville Project is located in the Bird River Greenstone Belt approximately 145 km from Winnipeg, Manitoba. The project consists of two open pit NI 43-101 resources containing nickel, copper, platinum group metals and cobalt mineralization. Its East Bull Lake (EBL) palladium property covers 80% of the prospective EBL intrusion. Its Mayville PGE Zone is located approximately one km southeast of the Mayville Deposit.

TSXV:GRDM - Post by User

Grid Metals Corp

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Post by plimbo23on May 17, 2024 8:02pm

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Post# 36046731

RedCloud

``We maintain our BUY rating and adjust our target price to C$0.65/sh
(was C$0.75/sh). We have updated our sum-of-parts valuation to account
for dilution from a ~$5M equity raise in Q1/24, and we now use the updated
MRE for our in-situ valuation of MM (now $26.7M vs. $25.3M previously) –
Figure 2. We believe that achieving further resource and development
milestones could potentially help re-rate Grid’s stock price.``

https://redcloudresearch.com/grid-metals-corp-tsxvgrdm-dusting-off-the-mm-ni-cu-project-updated-ii-mre/

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A junior copper-gold stock trading at a bargain of monumental proportions