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Garibaldi Resources Corp V.GGI

Alternate Symbol(s):  GGIFF

Garibaldi Resources Corp. is a Canada-based junior exploration company. The Company is focused on creating shareholder value through discovery and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico. Its E&L Nickel Mountain nickel-copper-rich massive sulfide discovery, approximately 18 (km) southwest of the famous Eskay Creek mine, contains some of the highest nickel grades recorded in magmatic sulfide ore deposits on a global basis. The Company's projects in Canada include Otter Creek, Palm Springs Property (PSP), Red Lion, and King. The Otter Creek lode gold prospect consists of 8,704 total hectares and is located 12 kms east of Atlin in northwest British Columbia. Its projects in Mexico include La Patilla, Rodadero, Tonichi, and Iris. The Company owns a 100% interest in the La Patilla property located in Sinaloa State, Mexico. The Company owns a 100% interest in the Iris property located in Chihuahua State, Mexico.


TSXV:GGI - Post by User

Bullboard Posts
Comment by niizijimon Nov 10, 2017 1:40am
141 Views
Post# 26937586

RE:So you believe SPROTT when he says a possible 15 bagger

RE:So you believe SPROTT when he says a possible 15 bagger
True, without assays to back it up, it's just talk.  However, they are excited about what they have seen so far.  You've heard the talk of it being similar to Voiseys Bay.  That sold for 4.5 billion dollars. US$ or Ca$, I'm not sure.  Assuming Canadian, the stock today is $3.8 which gives it an MC of 377 million Ca$.  Not sure what it is fully diluted, but as is, it would be a 12 bagger to reach that figure of $4.5.  So fully diluted would be less for sure.

So, I agree. It's too early to be laying out figures like a 15 bagger from here.  Even if the first assays are good and promising, more drilling would have to take place to verify such a valuation.  However, IF it is bigger than Voiseys Bay, a 15 bagger is not outside the ballpark.  That's a big IF and one that will not be answered for a while.

Even if it does not reach 15 X it's current price, it still has great potential based on what they have seen so far. Lots more drilling to come so plenty of time to get in if the results are promising.  I'm in and gambling on good results. Others may want to wait for results first before jumping in.
Bullboard Posts

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