gold holds strong,, for how long?if gains in gold over the last 6 months hold... and it looks very promising they will, this puts GCM in an interesting spot...
IMHO, I am long GCM, and no expert, just posting my observations, barring significant changes...
GCM is looking to the open sky to find its share price, price of gold increasing, significant pipeline investments in Caladas, and Goldx, $84+M in the bank, recent increase in production, steady decrease in debt, 4th highest grade mine on the planet,
There are many many undervalued companies,,, most all have a few issues to iron out, GCM still has work to do also, proving new resources from the upcoming drilling at Segova is huge in my eyes...
GCM is hitting thier stride just as gold is showing a solid move up..... when the 2019 numbers come out new price targets will follow shortly.. I expect they will be significantly higher than today.
I am looking for a 20% SP increase in the short term, now that we have broken a new high,,, but I am a bit of a dreamer!! and I have been wrong plenty of times.
Good luck!