Bullboard - Stock Discussion Forum GoGold Resources Inc GLGDF

Primary Symbol: T.GGD

Metals & Mining Silver

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district... see more

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TSX:GGD - Post Discussion

GoGold Resources Inc > GGD needs the permit for LRS

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Post by oilisswell on Nov 13, 2024 8:24pm

GGD needs the permit for LRS

The permit is what is required to really get the SP moving. Bouncing up and down based on traders attempts at making money or minimizing losses without considering metal prices is not going to help the SP sustain any meaningful appreciation.

GGD was much higher with lower metal prices. The latest presentation NPV calculations assumed silver at $25 and gold around $1957, far lower than current prices. At the rate the SP drops if one was to correlate that to the price of metals, the SP would be 0 if metals revert to those prices. More proof of how irrational and unpredictable the market really is.

It looks like the metals can fall further mimicking Trumps 2016 win. Hopefully 2025 is GGD's year! Metals should rebound, as before, and the permit should be issued. In the meantime if the SP falls below a buck, I'll be selling some others and buying more GGD.

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