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Ferroglobe PLC GSM

Ferroglobe PLC is a producer of silicon metal and silicon-based alloys, variety of industrial and consumer products. The Company operates through four segments: United States of America, Canada, France, and Spain. It is involved in quartz mining activities in Spain, the United States, Canada; and South Africa, low-ash metallurgical coal mining activities in the United States, and interests in hydroelectric power in France. It sells its products to a diverse base of customers in a varied range of industries, such as aluminum, silicone compounds used in the chemical industry, ductile iron, automotive parts, renewable energy, photovoltaic (solar) cells, electronic semiconductors, and steel. Its solutions include silicon metal, manganese alloys, ferrosilicon, foundry products, calcium silicon, silica fume, electrodes, pulverized products, silicon for advanced technologies, and other. The Company's subsidiaries include Ferroglobe Finance Company PLC, and Ferroglobe Holding Company Ltd.


NDAQ:GSM - Post by User

Bullboard Posts
Post by dfergu7477on May 22, 2008 12:47pm
207 Views
Post# 15099288

Another fact...

Another fact...... is that prior operators/drilling on Monte Cristo failed to assay for silver in their drilling.  So, there may be a lot more silver than we are currently aware of in the McLean lode, too.  I like silver even more than gold right now.  (But that's another lengthy conversation...)

GSM is sure beaten up and I believe represents a terrific risk/reward ratio right now.  Heck, ANY meaningful finding from these last three holes in the McLean lode will confirm what's there and expand our horizons of it, and ought to auger well for both the short and long term in the stock price.

I like the McLean lode focus.  I should point out that GSM found this lode beneath the current pit.  Other prior operators had conducted a lot of drilling in and around the pit, but didn't go deep enough.  It was Tony and his team that hypothesized that epithermal veins existed at deeper levels, and found the current 43-101 deposit.

In truth, the McLean deposit hasn't been drilled very much by the right kind of drilling.  It's very possible that there's a lot more down there.  We just don't know enough, yet.  Hopefully, these coming three holes will come in as did the the others in the lode, and expand both what we know of the resource and the stock price.

GLTA!
Bullboard Posts