Post by
oilisswell on Sep 14, 2022 1:08pm
More good news on stepping out the resource
GGD is continuing to increase the resources at both LRN and LRS. In addition, Brad states that we should have news on consolidation of more land.
“We’ve shifted some of our drilling rigs to Los Ricos South as a re-evaluation of our data has opened up additional areas for potential growth of the mineral resource. In addition to our drilling, we continue to work on consolidation of additional ground in Los Ricos South and expect an update on that in the near future.”
While metal prices are not what they were, once higher interest rates weaken the economies around the world metals will come back in favor. All commodities are cyclical. AISC will much lower than Parral, and very profitable. In addition, the resource should increase substantially, adding to value. The voulume has increased considerably from the last few months as investors see the true value of GGD. Soon enough the sellers at these levels will diminish, pushing the SP higher. Capitulation only lasts so long!
Comment by
narmac on Sep 16, 2022 8:21am
GGD is undoubtedly worth ruffly $1.3 Biilion as it sits now! Jmo.
Comment by
oilisswell on Sep 18, 2022 5:10pm
Agreed, unfortunately some don't see it that way and sell into the lows. We'll be back there soon enough.