Tudor Gold Corp V.TUD

GSTM is looking good for next year

[Robizounskin]

Geologists are expected to complete a compilation study this winter once all assay results are received. The goal is to identify and drill test the most prospective geological targets that host precious metal and base metal mineralization. Goldstorm's mandate is to fast-track exploration on numerous properties throughout the Golden Triangle geological belt. The company looks forward to reviewing projects that have the potential to host large precious metal and base metal targets.

[fordster]

This is what Sprinter should have been doing. I'm not worried about GSTM...great area...great potential  targets on the fault line and a large section of the red line. ES/Trustees/Skeena ownership. I have not heard about the relationship with the First Nations....anybody know that info? 

[Countrygent]

GSTM might be a great play, might not. The two listings could hardly be more different.  TUD a mature drilling campaign with tens (hundreds?) of millions spent proving up a massive gold deposit heading towards a preliminary feasability study. GSTM a is a prospect - greenfields geology heading towards preliminary drilling, maybe not until 2024 if next year is just field and surface work.

[stockzorg]

Great post as usual CG.  I'm going to take the other side of your argument to make it interesting. I am a big fan of the earliest jump possible.  I want to buy into a company for pennies that seems to have absolutely nothing going for it, except I can see the properties it owns have some potential.  In the past that idea has led me to buy Teuton at 6 cents/share back in 2015

[Paray99]

  possibly you lost big on EGR. Remember, it need to be a 20 bagger, if it wants to get back to its 2021 price of $0.95 and you are saying it will blow out? It will possibly go down the drain lol.

[stockzorg]

Too early to say how this one will turn out.  My average cost is 4.5 cents/share U.S.  Out of 16 million shares, insiders have about 5 million, so only about 11 million in the float.  With Crescat in the mix for 10% anything can happen.  It was at 24 cents in January.  At that point I might take out my original investment and just let it go for a few years.

[Galaxym31]

My pick Bullion Gold 5 cents althoug they just raised some cash and are drilling in Quebec.

[Paray99]

I totally agree with this. I don't see anything other than pain in holding GSTM at the moment. Because, it can only dilute from this point and go down big time before it produce any good news to get attention. It can be in the watch list, but not got to keep in the portfolio at the moment.