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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 Inspired423on Sep 15, 2022 11:26pm
141 Views
Post# 34966047

RE:RE:RE:RE:RE:RE:RE:Confucius Says...

RE:RE:RE:RE:RE:RE:RE:Confucius Says...

We will be crippled by further dilution as demonstrated by past financings, and statements of additional financings required to support continued operations in their news release.  

Winter is coming and mining efficiencies will faulter at a cost of higher opex.

The Q4 resource update will be pushed of to Q1 due to the backlog in core processing and processing times backed up at BCSC.

Everyone is hoping revenue is coming in the door - but it's not due to too much ore dilution from blasting.

There new process to concentrate the ore will require a regulatory amendment - or time to implement. 

A tragedy awaits this year with no happy ending.  

Or perhaps it's been managements plan all along to crater the price, issue themselves gobs of cheap options, then reward themselves once they have had their way bending over retail. 

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