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Bullboard - Stock Discussion Forum Golden Valley Mines Ltd GLVMF

Golden Valley Mines Ltd identifies, acquires and develops exploration and evaluation minerals in Canada as well as acquiring royalties. Its exploration properties are located in the Abitibi Greenstone Belt (AGB) (Ontario and Quebec); the James Bay, Mistassini and Otish regions of northern Quebec; the Nunavik (Ungava and Labrador) region of northern Quebec; the Athabasca Basin of Saskatchewan... see more

OTCQX:GLVMF - Post Discussion

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Post by arh0070 on Jul 31, 2020 10:25am

GZZ

I think Glenn is going to follow the RZZ model now there is a small number of shares outstanding ,buy back small amounts of shares as cash becomes available from RZZ .This has resulted in RZZ being a 10 bagger .The future looks really good ,POG is rising ,lots of irons in the fire ,Malartic is starting to throw off cash with lots more to come which will partially accrue to GZZ allowing share buybacks which will have greater impact on share price .Meantime RZZ will be buying back shares also pushing up the price .The only unknown is how much of the rapidly growing underground resources at Malartic are in the RZZ royalty envelope.
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