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General Copper Gold Corp C.GGLD

Alternate Symbol(s):  GNRGF

General Copper Gold Corp. is a Canada-based independent mineral exploration company that is engaged in the business of exploring for and evaluating mineral properties. The Company is engaged in exploring the 2,313-hectare Topley Richfield copper-gold property in British Columbia. The property is comprised of seven contiguous claims and is located in the Omineca mining division of British Columbia.


CSE:GGLD - Post by User

Post by ProfPennyPinchon May 20, 2021 2:56pm
116 Views
Post# 33241649

$GGLD - General Gold Resources

$GGLD - General Gold Resources
 
$GGLD might be one to watch as they begin to mobilize rigs after receiving all the permits needed to start drilling on their Newfoundland Clark's Brook Property. $GGLD is moving along with their plans steadily, and I expect them to continue moving forward with their plans
 
https://ca.finance.yahoo.com/news/general-gold-resources-fully-permitted-110000367.html
 
Gold has been climbing back up recently, hitting 4-month highs, touching USD $1890 per oz for the first time in a while. Gold has risen nearly 11% since double bottoming back in March, and I anticipate it to hit USD $2000 by summer. Higher gold prices are extremely valuable for exploration and currently mining companies. It increases the revenue generated while attracting larger firms to invest in exploration companies due to the risk-to-reward ratio. Additionally, investors who have recently exited Bitcoin because of its selloff will find somewhere else to safely invest their money against inflation which is gold.
 
https://www.mining.com/gold-price-rises-to-4-month-high-as-investors-fly-to-safety/
 
The mix of rising gold prices, inflation, and the good news is perfect for $GGLD. They have a reasonably small market cap at $14.6M at a share price of $0.44. The stock has been performing quite well (up 47% since Feb 11) compared to the rest of the market. Holding my shares of this one for the long run!
 
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