RE:High has mother load of high grade gold There is certainly something stymying their price progress because a deposit this rich, this consistent (thickness of 40-60meters at JT), with no deleterious barren rock in it, with all the other boxes that Goldenrivit mentioned prior, should in the least command a $150-$200M market cap. Although they have grown the deposit nicely over the last 2 years, last years published 43-101 "only" showed 1.2 million ounces, with 1M being in the indicated resource, and this is still a long way away from a major being motivated to take this play out ( take out usually require a minimum orebody capable of 3+ million ounces). That said, the resource is most likely highly understated given this last hole, which demonstrated much higher gold values, with more veins, when compared to the direction that 100+ holes were drilled in thus far at JT, so this is a key data point from this 2022 program. This is good news, but the pieces of the puzzle seem to be falling too slowly for the market to be willing to buy and hold High shares, versus other programs that have big budget allocations and 4-5 drill rigs turning; the latter just breeds exciting, and people and institutions rush in before things play out with the truth machine. I continue to see the long term value in HIGH, and things will change rather quickly once they show continued rich intercepts on strike at Ellis Zone (2nd deposit), and Milk Bone can pull out similar intercepts to DC/Ellis Zone, then I can see a pop back up above $1.50, and a private placement coming in from a large strategic investor like Eric Sprott who is likely paying close attention to this play, but realizes he can’t amass a starting position by buying in the market. If High can raise another $15- $20M early next year, I can see 3-4 drills turning on JT, DC & Milkbone, and this resource will quickly prove up 3 million ounces cause the incredible grade/thickness quickly add ounces like in no other play I know, other than SGD. I also believe a PP early in the year will unlock excitement in this play as they’ll likely also mobilize a program to explore their King Tut discovery in Yukon, right next to SGD. I strongly believe many will position in HIGH at that point as fires will be placed in two of the hottest districts in the world right now.
I’m very hopeful that the next holes (likely shallow ones) at DC/Ellis, return more high grade, and maybe we get a glory hole or two yet from this area and Milk Bone as we did last year!
GLTA HIGH shareholders and remember, buy the dips!!