Goliath Resources Ltd V.GOT

Alternate Symbol(s): GOTRF

Metals & Mining Industrial Metals & Minerals

Goliath Resources Limited is a Canada-based junior resource exploration company. The Company is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. The Company owns 100% of the Golddigger property that covers an area of 52,756 hectares. The Homestake Ridge Deposit (Fury Gold Mines Limited), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity. The Golddigger Property consists of contiguous mineral claims located approximately 30 kilometers southeast of Stewart with tidewater access on Hastings Arm in the Golden Triangle of Northern British Columbia. The Luckystrike Property is located 40 kilometers north of Terrace, British Columbia. The Company also owns a 10% interest in the DSM Syndicate projects. It has six mineral claim blocks under Goliath’s Nelligan East Project and Nelligan West Project.

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Goliath Resources Ltd > Resource World

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Comment by Jetstream1281on Jul 31, 2024 2:30pm

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Post# 36156671

RE:RE:RE:Resource World

If you do the math, 118 mil shares x 1.22 (current SP) / 2 mil oz = $72/oz in the ground.....IMO that is on the high end for a company with just an MRE.....

So IMO if they only come up with 2 mil oz, so right where it currently sits is about as high as it really should be valued at the moment....Adjust that calculation accordingly as information is made available to come up with what you are comfortable valuing the company at.....

I personally think any more than current price is over valued unless they come out with more than 2 million ounces.....With the intercepts theyre hitting it could easily be more, but until the MRE comes out you just don't know.....

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Advancing flagship Ishkõday Gold Project in Ontario