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Golden Ridge Resources Ltd. V.GLDN

Alternate Symbol(s):  GORIF

Golden Ridge Resources Ltd. is a Canada-based mineral exploration company with projects in Newfoundland and British Columbia. The Company is focused on exploration and development of its portfolio of exploration assets in Newfoundland. It operates Williams Project and Hank Project. The Williams Au-Ag Project is an Au-rich polymetallic discovery west of Gander, Newfoundland in an area known for numerous Au-Ag discoveries along strike, including the Beaver Brook Antimony Mine located 5 kilometer (km) away. The Hank Au-Ag Project is located in northwest British Columbia within Stuhini Group volcanic and volcaniclastic strata zones that feature high-grade epithermal style gold-silver veins surrounded by bulk tonnage Au-Ag-Pb-Zn mineralization. The Company also owns a 100% interest in 3,000-hectare Hickman copper-gold property located in the Golden Triangle district, approximately 140 kms north of Stewart, British Columbia.


TSXV:GLDN - Post by User

Post by austrochrison Apr 28, 2021 11:47am
108 Views
Post# 33082644

305 m with 0,6gramm goldequiv. in Newfoundland from surface

305 m with 0,6gramm goldequiv. in Newfoundland from surface The valuation here is crazy : Enterprisevalue about 4 Million Candollar . Zinc NSR and Silver NSR value - 5 Million US Dollar + . Fireweed shares 1 Million Dollar . So i doe the maths : 4 Million - 6,25 Million - 1Million = -3,25 Million .Means landpackage in BC valued at 0 , means huge landpackage in Newfoundland valued at 0 , means the heritage project (with 305 m of 0,6gramm goldequivalent/ton) , a bulk tonnage asset with long intercepts and high grade intersections is valued at - 3,25 Million Dollar ! Cheers !
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