Have a look at GGI.,Garibaldi Resources is worth some DD.Frankly,recommending stocks is fraught with fear-I do not want to pass duds to others.However,GGI is rather unusual.
Today I saw their M/C figure.It equates to the value of the PZG shares GGI owns. Now as Seabridge is a major holder of PZG, that is a fair start. Given the above statement, buying GGI currently, gets you anything else GGI owns,free.
The thing is,GGI has huge land holdings in the Sierra Madre.One of those holdings,the Temorris property was traded to PZG for the PZG shares.Clearly PZG and its team of esteemed geologists valued Temorris highly.A lot more prospective property is held by GGI and you get that potential for free.
Risky?Well I would only take a small stake,I own some 12,000 shares.Not too much to lose but possibly enough to make quite a gain if the properties prove up.Anyway,if just a little interested,here is a snippet from the GGI website.
" The end results have generated multiple targets over the company's district scale land holdings that require "boots on the ground" follow up, but Garibaldi believes that its exploration protocol has saved its shareholders a significant amount of time and money by utilizing technology that is just entering commercial availability. Actions always speak louder than words; since Garibaldi's first exploration program in Mexico began in early 2006, management has achieved the following:
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Acquired one of the largest strategic land packages by a junior in Mexico's Sierra Madre.
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Raised over $5,000,000 and launched the first hyperspectral survey by a junior exploration company in Mexico.
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With Garibaldi's first transaction in Mexico, the company acquired 6,000,000 shares of Paramount Gold & Silver by selling Garibaldi's interest in the Temoris project.
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Recovered half of the cost of the hyperspectral survey by selling proprietary data to Paramount Gold & Silver, Coeur d'Alene Mines Corp. and Agnico-Eagle Mines Limited.
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Implemented Garibaldi's "Rapid Assessment Protocol" saving shareholders millions of dollars in development of a portfolio of projects that management believes is an exceptional leveraged exploration opportunity.
All of this was accomplished after experiencing a year's delay in launching the hyperspectral survey, as well as surviving a global financial meltdown that began in 2008 and continues to generate turmoil in our capital markets. Still, because of the application of modern technology, much has been accomplished during the last 36 months in Mexico and as risk aversion abates Garibaldi's management looks forward to the challenge of unlocking value in the pipeline of projects generated with these new hi-tech tools. Indeed, Garibaldi is investigating the next generation of spectrometers that promise even greater resolution and bandwidth with which to hunt for the next great discovery."
Please do your own DD.