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Bullboard - Stock Discussion Forum Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s):  GMTNF

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company is engaged in the production of crushed ore, containing both gold and silver, mineral exploration, and... see more

TSX:GMTN - Post Discussion

Gold Mountain Mining Corp > Stepping up buying
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Post by Theckman1 on Jun 10, 2022 2:30pm

Stepping up buying

As per my earlier posts, I thought the price would go lower and that I'd buy at much lower prices.  I've added 19,500 @ an avg. of .4915 U.S. the last two days.  I'm seriously looking at adding to my 61k shares, and go North of 200k at these levels (and maybe lower).

Less estimated cash of around $19M U.S., with revenue being generated, this gives Gold Mountain an EV of around $23-24M U.S.  This is ridiculously savory!

I know it's been a tough road for current shareholders but I believe when this moves, it will move fast to the upside.  All the best,
Comment by Windtalker on Jun 11, 2022 10:45am
Theck, A fellow who drives by New Afton and is familiar with Gold Mountain's ore pile (s) posted that there are currently only a couple of pick up trucks worth of ore on the ground currently. Posted on CEO.CA. Calculations presented ny another assumes 10 GMTN hauling trucks through Afton's gates daily. Why such a measly amount of ore on the ground. Could be many things. Only a few more ...more  
Comment by Theckman1 on Jun 11, 2022 12:58pm
Thanks, Windtalker.  I appreciate the detail on the ceo.ca site.  It certainly is a an interesting read going back through early May!  A lot of emotions and speculation. I would hope that there wouldn't be any ore on the ground, or minimal ore, since they have a 17-day payable from New Gold.  New Afton has plenty of processing capacity (much more than GMTN is sending ...more  
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