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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 Aug 24, 2022 2:05pm
103 Views
Post# 34917688

RE:RE:Accumulating

RE:RE:AccumulatingFirstly, apologize for the really bad typing yesterday.  I was rushing to pick up a kid from the ice cream shop and didn't proof before sending.  It happens :)

Secondly, a few more things I wanted to add on yesterday's post is to pay very close attention to what's happening with the COMEX and LBMA right now, along with paying attention to persons like Alasdair McLeod who are in the know on the macro picture of what is happening right now.  Personally, I think it's a good idea to accumulate physical precious metals (my personal favorite right now is Silver since it's around a 92:1 ratio to Gold), and I can accumulate slowly and spread around different places.  I'm actively doing so, especially the Austrian Philharmonics since the spread between spot and selling price seems to be the best right now.

There are no guarantees with stocks (especially precious metals stocks!), however I think the risk/reward ratio is very limited on the risk side right now with GMTN.  I believe the reward side to be very large and am continuing to sit on the bid.  I rarely, if ever, buy the ask (I think I've done it only one time in all of my GMTNF purchases).  I wait for the weak holder to meet me where I am, and obviously they have done so.  Volume continues to be very low, and you could see bigger swings up and down because of this.  

Lastly, I'm not in a vacuum and continue to believe is this early stage story.  I'm willing to give it the time needed to mature and explode.  Time will tell but I believe at some point this will be 5-10x from it's current price.  All the best,
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