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Greenhawk Resources Inc C.GRHK

Alternate Symbol(s):  VGGOF

Greenhawk Resources Inc. is a Canadian resources exploration and development company. The Company owns a 100% interest in two mineral exploration licenses and one prospecting license in Greenland, known as the Storo Gold Project. License 2014/11 covers 12 square kilometers (km2) on Nuuk Fjord, Greenland, northeast of Nuuk, Greenland’s capital city, containing the Storo gold. It also has an exploration license (MEL 2021-01) surrounding the 2014/11 license, covering an area of 540 km2. The Storo gold deposits are located in strongly deformed and metamorphosed rocks of Archaean age. The area is an extension of the North American Craton and is suggested to correlate with the Nain Region in Labrador, Canada. At the Storo Gold Project, there are two levels of mineralization, the Main Zone and the BD Zone.


CSE:GRHK - Post by User

Bullboard Posts
Post by SurfForWealthon Aug 05, 2005 1:58pm
327 Views
Post# 9365122

I'm back in today

I'm back in todayBeen out since April & $40 when it had become overvalued or at least fully valued. I thought it might drift back to close to $30 Cdn. Great earnings report as usual & pretty good outlook estimates provided considering they are usually conservative. Management is doing a great job except for the fat options they keep giving themselves. I am back in today around $30.60. Looks attractive again at 22 multiple and ever increasing hoard of cash. Net margins back up to 24%. This is a sweet cash cow. Seems like they have a few options they could use to create further shareholder value. Cheers!!!
Bullboard Posts