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Grande Portage Resources Ltd. V.GPG

Alternate Symbol(s):  GPTRF

Grande Portage Resources Ltd. is a Canada-based mineral exploration company. The Company is focused on the Herbert gold discovery situated approximately 25 kilometers (km) north of Juneau, Alaska. The Company holds a 100% interest in the Herbert property. The Herbert Gold property system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The Herbert Gold project is an exploration stage, partially drill-tested, high-grade, gold mineralized mesothermal quartz vein system in the historic Juneau Gold Belt of southeast Alaska. The project lies prominently within the 160 km long Juneau Gold Belt, which has produced over seven million ounces of gold. The project consists of 91 unpatented mining claims, located 25 km north of Juneau and to the south of Couer Alaska's profitable Kensington gold mine. The property covers six parallel vein structures exposed at the surface.


TSXV:GPG - Post by User

Comment by flash338on Aug 06, 2020 7:05pm
98 Views
Post# 31376189

RE:RE:RE:RE:GPG - Herbert - Hypothesis - NPV - Gold $2,055 V2.2

RE:RE:RE:RE:GPG - Herbert - Hypothesis - NPV - Gold $2,055 V2.2I bet there is a lot of delays in the labs. Every company out there is cashed up and drilling (except Mineral Mountain). I don't know that delays are the main factor though. I'm in around 25 positions right now and there was a lot in the red today. I would just about guarantee that this was due to traders playing the break out the other day in gold and are now expecting a pullback. If gold and silver keep going, I'd expect the massive underperformance of the shares to close in a hurry. The biggest moves come when technically over bought. We had a traders market for months. It did me right to sell out of overbought core positions and trade breakouts in companies I'd consider mediocre at best. This market changed recently though. We are in a buy and hold phase now. The traders haven't figured this out yet.
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