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Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s):  GMTNF

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company considers itself to operate in a single segment, being the production of crushed ore, containing both gold and silver, mineral exploration, and development of precious metal resources. The Elk Mine is in south central British Columbia, Canada, approximately 325-km northeast of Vancouver and 55-km west of Okanagan Lake, midway between the cities of Merritt and West Kelowna and hosts a number of known mineralized zones which the Company continues to investigate, develop, and mine. The project consists of approximately 32 contiguous mineral claims covering 22,152-hectare (ha) and two mining leases covering 646-ha.


TSX:GMTN - Post by User

Post by Theckman1on Jun 23, 2022 3:48pm
229 Views
Post# 34778316

Bottoming Process

Bottoming ProcessBut I don't think we're at the lows quite yet (not news to anyone here, and certainly no revelation).  However, I believe we'll see a bit lower lows and we may have to base a while for an accumulation process.  We're at about $8.5-9M U.S. in EV, and it's going to be tougher to pull this down from here.  I have a nice bid in at .25, and just picked up 5k more at .27.  I'm happy to be super patient and catch shares lower from here.  In a years time they will be worth much more than they are now.  

At a .17 U.S. SP we'll be at cash.  Bring it down to the low .20's and it's going to be a battle.  All the best to those positioning, and holding.  
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