Post by
SwissInvestor on Jan 18, 2011 11:28am
Company summary: Gold and REE
Summary:
Gax released huge news today. They drilled 79.37 g/t Au over 3.6 m atthe Regcourt property.
If you check out older news released this could turn into a world classproperty:
5m of 19,2 g/t Au were released in December in this young stadium ofdrilling.
Galahad has only 35Mio shares outstanding and another promising procect:
Galahad Metals Inc. will initiateaggressive exploration for rare earths on its Kellyn claim group locatedin Northwestern Ontario.
This can easily be the stock of the year 2011 with a market cap of only 7Mio $ there is no risk imo with these 2 great projects, that's why iput this stock into my portfolio (check for track record).
With 6 Mio shares traded in the first 2 trading hours and the firstbashers coming on board this is the right time to buy.
I expect a PP coming at aroung 0,40 Can$ for future operations, that'swhy we see those institutional block trades today.
Short term target: 0,30-0,40 Can$
Target 1$ (would make a market cap of 35 Mio can$, what would STILL bevery cheap compared to all juniors at the exchange with such results)
It's a strong buy imo!