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GOLD MOUNTAIN MINING CORP V.GUM

"Gold Mountain Mining Corp is engaged in exploring mineral properties. It is engaged in the exploration of gold properties. Its projects include Elk Gold project."


TSXV:GUM - Post by User

Comment by VOKBLVRon Dec 21, 2015 10:58am
123 Views
Post# 24401005

RE:Dec 18

RE:Dec 18Seems to be a cross as the trade is within the same brokerage.
Total value is $32,500. Lots to me but not a lot of money in the big picture.

This company is still solvent with about $2.5 million in the bank and I understand they have cut the staff to the bone (down to one employee). 
The property needs some additional work to upgrade the resource and to update the PEA but it seems that they would rather hang on to the money rather than spend it at the current gold price.

The Nicola Mining mill at Merrit seems like the right place to treat the ore but the deal that Nicola mining want is tilted too much in favour of NIM if they ship hygrade to the mill. If NIM would toll mill rather than wanting half iof the profits after costs I think we woul be mining this year.
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