Granada Gold Mine Inc V.GGM

Comment from BMR

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For those that don't follow their coverage:

Jon from BullMarketRun: "... GBB’s market cap is low and most investors are behind the curve on the changing dynamics here with Oil and the dollar, and how things will play out on the ground at Granada. The supply at the moment is coming mostly from last year’s flow-thru buyers (National Bank being one of them) and it’s going to start drying up in relatively short order. You don’t want to start chasing this after it has broken out and supply has tightened. We have followed Granada closely since late 2009, we knew the right time to get in and when the tide had turned in 2011. The chart says it’s time to get back in, and the fundamentals are in agreement with that given the expected near-term receipt of the CA, the drop in both Oil and the Canadian dollar which have changed the economics of the project, and the jump in Gold. Doesn’t take a rocket scientist to figure out the math here. Plus, I personally believe the LONG Bars Zone has a lot more gold in it than has been proven up so far. So there’s exploration upside plus very robust numbers on the rolling start with fuel costs down at least 30%, the dollar plunging, and the price of Gold in Canadian dollars at $1,600 vs. $1,400 in the PFS. Those are the facts, everyone can judge for themselves. I don’t believe this is a temporary drop in Oil and the loonie. This is a fundamental shift on a global scale, and the possibility of Gold going thru the roof later in 2015 can’t be ruled out. Then you’ll want to own every Gold stock there is."

https://bullmarketrun.com/?p=26063

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