Betting on the jockey, not just the horseI also like and own this stock. I think up to .20 would be relatively safe for purchasing this stock, but I hope you (the reader) can do better than that (which is still possible, but I don't know for how long). I know of earlier investors paying .25 for the stock a year ago, and then buying much more, recently. Of course, if the company releases good drill results and the stock price goes higher, it could well be worth paying a lot more because at that point you have more information.
Not mentioned here is that Tony Taylor, president of GSM was associated with the discovery and development of the Ridgeway mine in South Carolina. He is from the cream of the cream of geologists, and is a current director of Hecla, the silver/gold miner. At this stage, you are betting as much (or more) on the jockey as you are betting on the horse. I prefer to have the best of both if I can, which is what I see here. Combined with good timing it's about as good as it gets for an exploration company.
A note: Many U.S. brokers don't emphasize it but they *can* buy Canadian stocks for U.S. accounts through Canadian stock exchanges.