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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

Comment by Theckman1on Jul 26, 2022 11:28am
121 Views
Post# 34851122

RE:Getting back on track

RE:Getting back on trackGood morning, Windtalker!  I hope that you are doing well.  My take is that GMTN will be hauling ore as quickly as possible for the rest of the year, barring any snags in grades and sample processing, etc.  I'm seeing this as they have rectified these issues and will be generating a lot of cash.  They will also get the AISC down to very manageable levels.

Secondly, given the veracity of the recent dump in junior miners mgmt has realized that putting all effort in to the business, and less so in to the pumping of the stock, is the right move for right now.  I agree with this...right the ship, generate the cash, and let the value speak for itself.  News will not move the stock right now unless they are purchased by another entity.  GMTN is in it for the long haul and IMO will be generating excess cash (albeit not much, as they want to search for more value in additional gold resources and will drill accordingly).  More cash generated will equal more drilling...more value in the business.  There will come a day when the share price will move on it's own and the company will keep us updated more on the day-to-day.  This is only IMHO.

Lastly, I equate the futures market (I trade Gold and the S&P) to a shark tank.  I'm in and out in quick time increments, or you get your butt handed to you.  A strong risk management strategy works well!  It has treated me well and I continue to tweak my approach.  Speaking of Gold, I wonder if there will ever come a day when the COMEX gets broken due to too much physical demand?  That will be a day of reckoning for sure.

All the best,


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