Cheap or what?GGI's m/c is under $8 million .Is that a fair price?
Well do consider,GGI has a big chunk of PZG.If memory and I are friends,6 million PZG have a current value of some -you guessed it,$8 million.
Have a look on the GGI site for all the 100% controlled properties,often very strategically located.So they are collectively worth nothing.Or GGI is very underpriced.
Given all that land,this is the sort of stock Seabridge could be keeping a distant eye on.
Yes,GGI is risky in so far as we do not have drilling results or lots of various sampling and trenching yet,on out many properties.Then again,you buy that potential for nothing.
This is one worth buying a small holding of,then leaving the shares on the backburner.