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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 vectorcanon Oct 29, 2018 2:22am
74 Views
Post# 28885705

RE:I would tend to agree with Old Man winter

RE:I would tend to agree with Old Man winterActually you are bashing.

And you're completely wrong about WHN's $84MM mc being too high. If anything, it's on the low end of what other companies have seen their share prices do on similar or poorer results. In the bear market and post-bear market cycle that started in 2011 until today, excellent high-grade drill results get rewarded. Companies like Orca or Orvana may have been able to prove up a larger resource, but companyy management hasn't delivered the type of news to drive those companies' shares higher. Buyers dry-up and share prices languish. That will change if either the cycle changes back to a bull market like 2001-2010 or they release news that catches the market's attention.

Aside from excellent grade, the other types of plays in this current cycle that have been getting rewarded are garbage promos like GGI, NVO and MTS because they have people like Sprott and a large network of brokers pumping their shares.

Also, high-grade results like WHN's and GBR's get a market premium because of the potential to quickly add ounces. You do realize Ventana Gold and Aurelian Resources were 50 baggers in less than 24 months, and 100 baggers plus after being quickly acquired? Diamond Fields' Voisey Bay went from a penny stock to a pre-split $174 when acquired by Inco with TWO YEARS worth of drill results.

Not saying WHN is Diamond Fields or even Ventana, but given what high grade has been rewarded this cycle. WHN is undervalued. Example, Bear Creek with a nearly $150MM market cap with one really good hole.
Bullboard Posts