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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 > 2021 NPV $177M US (5%)
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Post by Theckman1 on Jun 21, 2022 8:23pm

2021 NPV $177M US (5%)

Currently, the share price is trading at about 16% of the 2021 PEA NPV (or less than a 6 to 1 value).  This is probably one of the more accurate gauges of Value associated with GMTN.  I picked up a 10k block today at .32, and consider it an early Christmas gift.  At 102k shares and climbing.  Thanks!

All the best.
Comment by Windtalker on Jun 22, 2022 3:12pm
Theck, Have you personally spoken to anyone at the company recently. I'll and many others are reaching out but getting no response. This is not a good sign on any level. I'm curious if you've spoken to them and if you have what words of reassurance have you received. Personally, I am very surprised we haven't heard a breath or word about a class action lawsuit yet. Attorneys like ...more  
Comment by Theckman1 on Jun 22, 2022 3:41pm
Hey, Windtalker.  I hope you're doing well.  I did send in a note to GMTN IR a few days ago, but it was unrelated to the share price performance.  I rarely communicate with them but when I do it takes a few days for them to respond, and I'm sure they are getting inundated right now with communications. Wrt any class action, what would the justification/reasoning be?  ...more  
Comment by Windtalker on Jun 22, 2022 5:49pm
G'day Theck, As far as material changes in the company I would point to issues around ore shipments and the all in sustaining costs. Sprinkle in an abundance of misleading comments by the CEO coupled with the share price that has gone down the crapper and investors having lost millions and millions of dollars and you've got a legitimate reason for a class action lawsuit. It really doesn ...more  
Comment by Theckman1 on Jun 22, 2022 7:17pm
Windtalker, I have to respectfully disagree with your assessment.  The AISC is LoM, and the startup AISC does not matter at this point.  Ore shipments, amount of tonnage, etc., have not been guaranteed in a binding manner, no securities laws have been broken.  And, what misleading comments have been made?  Resource companies often have to pivot and do things differently to meet ...more  
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