Thoughts on Moss Lake ($GSHR) Historical estimates of mineral resources on the Moss Lake gold project, owned by Goldshore Resources ($GSHR.v $GSHRF), specify total indicated resources of 1,473,700 ounces of gold and inferred resources of 2,514,876 ounces of gold.
In 2013, a historic PEA was completed which yielded an after-tax net present value of $276M with gold at $1,629/ounce.
With these estimations and the fact that $GSHR plans to use the proceeds of a recent $10M PP to explore its Moss Lake gold deposit located, I'm feeling really good about this gold jr. as a long-term investment.
Plus $GSHR is slightly down right now, trading at only $0.445/share, so it could be a good time to jump in IMO (MC is $59.16M).