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Bullboard - Stock Discussion Forum Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s):  GMTNF

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company considers itself to operate in a single segment, being the production of crushed ore, containing both gold and... see more

TSX:GMTN - Post Discussion

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Post by ToreSweden on Nov 02, 2021 12:20pm

Permit

was somehow aspected. A couple of nice drill holes that take the deposit over 1m oz may not be and should trigger an sustainable rise i the sp.
Comment by chopperzombie on Nov 02, 2021 2:23pm
I am quite a bit shocked to see how the market had reacted today. Sometimes it just takes a few days just have to hold strong and don't get too emotional. I'm expecting a steady stream of news flow that should cause a bounce back up on the right direction! 
Comment by kegman on Nov 02, 2021 3:33pm
It is about cash certainty.  As they produce results in drilling that are expansive and people see that this 19K prove we can mine this thing ramps up to 100K per year....that is at least $100M in free cash flow.  At present gold prices.  70 million shares....think about the dividends!  They need to keep the locals happy and engaged and move the timeline on ramp up to an ...more  
Comment by kegman on Nov 02, 2021 3:43pm
BTW, at 100,000 ozs per year at present values at this float we are a $20 stock.  At LEAST for fun.  It is in my RRSP.  Quite happy sitting here  for a while.  
Comment by chopperzombie on Nov 02, 2021 10:19pm
I couldn't agree anymore , with 100k oz it will be at 20.00 
Comment by Acre10 on Nov 03, 2021 12:59pm
I always laugh at people who sell on news for companies like this one. They're about to start mining gold for $554 all in, I wouldn't be suprised if they use the profits to acquire a monster blue sky project in 2022. Start with cash-flow then build a giant.
Comment by chopperzombie on Nov 03, 2021 2:23pm
That's probably the goal, I wouldn't be surprised if more news flows this week
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