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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 Warlockkkon Jan 03, 2018 6:34am
161 Views
Post# 27268364

RE:Get in soon, she will start running prior to NR.

RE:Get in soon, she will start running prior to NR.Wetwill, I agree that the SP will ascend higher for the short term after the next NR. It seems ES's MO is to throw money at the SP to keep it artificially high. Many investors consider charts, trends etc. when they consider making a move. When they see the SP holding it's own or even increasing after a disappointing NR it gives them confidence to stay invested. Of course this will only work in the short term as many astute investors figure out the REAL story. As the SP starts to drop others will recognize the NEW balance of risk/reward is actually much lower. This sometimes causes what happened to NNA, to a lesser extent here since the company has actually found a couple small independent pods of high grade, which now brings up the question, where is the "mother lode"? The company has drilled the highest rated targets of known massive sulfides. There are lesser rated targets left to drill. Will they eventually find the mother lode? Does it even exist? I doubt it. 99.9% of companies never do BUT it is nice to dream and fun to gamble on these long shots when the SP is under a buck. When the SP is far too high for the risk/reward, it's best to walk away. I can't fathom anyone buying NNA at over 50 cents based on the info they had! It looks like a great spec. play at $.25 or less.
Bullboard Posts