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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 > Throwing out a Challenge
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Post by Theckman1 on Jun 15, 2022 10:34am

Throwing out a Challenge

Can someone show me a near term/current producer with the following:

- Over 1M in AU reserves/resources
- Potential for multi-million reserves/resources
- Under a $50M market cap (U.S.)
- Cash rich w/no debt
- Low capital costs for production
- If in production, EBITDA positive
- Considering M&A opportunities to grow their portfolio

I cannot find a better story out there
Comment by Windtalker on Jun 15, 2022 10:51am
You are spot on Theck. That is why we all invested in this company. Unfortunately, I/we assumed the CEO is competent. Turns out he has zero mining experience. No doubt he is learning but at what cost. I stand by my assertion that he cannot adequately focus on Gold Mtn while running/being CEO of SIX other companies and fulfill the duties of multiple directorships simultaneously. I appreciate your ...more  
Comment by Theckman1 on Jun 15, 2022 10:58am
Thanks, Windtalker.  I cannot attend either but am interested in the results (Q&A).  Btw, look for the strip ratio to decline quite nicely over time.  GMTN did the right thing in bringing in two solid, formerly retired due to their success, experts.  Someone on ceo.ca tried to throw out Pure Gold as a narrow vein example/comparison to GMTN.  Silly since GMTN does not ...more  
Comment by Windtalker on Jun 15, 2022 11:05am
Still room to turn this around. Going to take time and real expertise. 
Comment by Theckman1 on Jun 15, 2022 11:10am
Btw, it does not matter to me the background or experience of Kevin Smith.  If he surrounds himself with the right persons, as he is doing, his aggressive leadership is a breath of fresh air.  I've seen plenty of Geologists, Engineers, etc. in a CEO position but they could not communicate or run a business.  Yes, they could mine but you need to be aggressive and work with ...more