Stock play or exploration play?I think there are a couple of valid reasons for the weakness in the GGX market. First of all, they have drilled at least 30 holes on the gold drop property but have only released the results from the first six holes. Gold grades were good but intersections were narrow. I'm looking forward to a slew of results being released over the next few weeks.
Aslo in case no one here noticed, the junior resource market has been badly beaten up since January. GGX is not alone in seeing its share price soften.
Now that the summer exploration season is upon us, I expect to see more money flowing into the junior resource sector. A rising tide lifts all boats.
GLTA