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Garibaldi Resources Corp V.GGI

Alternate Symbol(s):  GGIFF

Garibaldi Resources Corp. is a Canada-based junior exploration company. The Company is focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico. Its E&L Nickel Mountain nickel-copper-rich massive sulphide discovery, approximately 18 (km) southwest of the famous Eskay Creek mine, contains some of the highest nickel grades recorded in magmatic sulphide ore deposits on a global basis. The Company's projects in Canada include Otter Creek, Palm Springs Property (PSP), Red Lion, Grizzly and Golden Bear, and King. Its project in Mexico includes La Patilla, Sonora, and Iris. The Company owns 100% interests in two non-contiguous properties in Sonora State, Mexico, known as Tonichi and Rodadero. The Otter Creek lode gold prospect consists of approximately 8,704 hectares and is located 12 kms east of Atlin in northwest British Columbia.


TSXV:GGI - Post by User

Bullboard Posts
Post by Jentaion Oct 05, 2018 12:14pm
208 Views
Post# 28752705

Holding on!

Holding on!As a result of my investment in GGI, I am a much poorer man today than I was ten months ago. The hype around GGI is no longer here but the fact remains that the potential for a major discovey (the mother lode) is still there and well alive. Major investors did not sell any of their shares in this ongoing downturn, most serious retail investors are holding on for dear life and the Company has enough cash in the kitty to drill for at least three more years. There is no doubt in my mind that the current situation is disheartening and it is not a joyfull  experience seeing your favorite stock melting on a daily basis. I am cautiously optimistic that GGI will be a success. We have in my book a 30% chance to become a new Voisey  Bay. Thirty percent is a great odd considering that only one in a thousand exploration companies becomes a mine. In spite of over 40 years of experience on the stock market, i  broke one of the first rules of investing: do not fall in love with a stock. Best of luck to the longs and my sincere apology for my poor writing skills in English, French being my mothet tongue.
Bullboard Posts