Intercontinental Gold and Metals Ltd V.ICAU.H

GXM Getting traction now

[Luxluminae]

Gordon Glenn has made a rapid digesting of the Goldway Trading Group from Bolvia.. Some may scratch their heads..but, the numbers are rapidly building and the margins should continue to expand as volume grows at a torrid pace. They have indeed uncovered a niche at least as far its Public expression.. tehe small licensed gold miner in LATAM.. ANd they haven't touched the bigger markets.

From a portfolio persepctive, if I have a bevy of junior Au plays in say Colombia, why not add this one-GXM as hedge. Afterall, It is the these small --lic. miners that eat the lunch of the Junior golds who find the gold but take years-if ever-to get a mining licenses themselves.. I don't know how much you pay for a trading company and junior  at that. But, real cash flow based on real revenues and net margins that may indeed dobule sound good to me.. 

Also they purchased and are operating a gold refinery in La Paz,, will expand margins even more..

Estimated revenues for fy2019 (March year) = US$200 million.. net >2%.. seem like 20 cents or better in eps.. can u imagine a junuior with an eps.. strange indeed. now what do we do??

anyway, me thinks we have a $3 handle or better within a year.