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Galleon Gold Corp. V.GGO

Alternate Symbol(s):  PNCKF

Galleon Gold is an exploration and development company focused on advancing the West Cache Gold Project, Timmins, Ontario. The Project is approximately 7 km northeast of Pan American Silver’s Timmins West Mine and 14 km southwest of Newmont’s Hollinger Mine. The Company announced a positive Preliminary Economic Assessment in early 2022; permitting and baselines studies have been initiated in support of a bulk sample. Eric Sprott holds approximately 23% of the Company’s outstanding common shares.


TSXV:GGO - Post by User

Comment by Billybeaneon Jan 06, 2024 4:52pm
116 Views
Post# 35814047

RE:Well .......

RE:Well .......5CAD sounds strange at the moment, but a relatively small position at this juncture actually makes sense in a portfolio. If I'm not mistaken; the market is paying ca. 3$ for each oz of gold in the ground(!). Great infrastructure, and short time til execution (6 months). Adding to that  only 10% of the property has been drilled makes it a story I'm waiting out. However; if it can't make new financing at appropriate levels, the stock might be diluted into oblivion. Thats why the recent priceaction is so encouraging. Higher stock=lower cost of capital, and yes; I own this stock. 
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