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Golden Metal Resources CEO Discusses Significant Magnetic Geophysics Results at Garfield #gmet
https://www.youtube.com/watch?v=64IZtnrhym4
@LB probably even slightly less than that in the free float. I held 1% before all this blasted private raise & warrant exercise (lol), so will have to top up at some point to maintain my %. But there will be be others like myself under the radar - I'm sure the John Feneck guy in the US that's always talking about GMET must have at least 1%. So add up these sticky holders and potentially there's only probably on a % in the teens in free float.
Probably why the price is reasonably stable, but does respond to small volume.
On my watchlist - just 93m in issue of which 22m only in free float ?
Kevin Hornsby (Roast) has just posted on Telegram that he's interviewing Oliver at 11 and it should be available by 1ish
Yes great RNS but what we all really want are drill results - but all this preparation is highlighting where we'll be drilling later. Great stuff!
Nice RNS now! I think it might be time for a large (for me) top up!
Paul, I agree completely about lithium - absolutely no interest in it, and the world is moving away from lithium batteries in the coming years so I don't think medium or long term lithium projects are worth thinking much about.
Pilot Mountain can clearly be dramatically increased in resource, what I am most interested in is Garfield, and look forward to seeing the magnetic bullseyes from the recent survey and hearing about future drilling plans.
Donkey agreed that would be my be my ideal resolution for PM too.
I am very excited, like yourself, for more data on Garfield and Golconda, but have little or no interest in the lithium project.
Paul, I absolutely agree with you that it's not totally stalled Garfield, but imagine if the USG got their finger out and handed over a few million for Pilot Mountain exploration, we could then apply all the rest on Garfield.
Personally, I've no interest in a strategic partner for Pilot Mountain, I just want to dramatically improve the resource, and sell it off to the highest bidder. :-)
Thanks for the response folks.
All will become clearer once the mag survey results from Garfield are announced which really did sound like it should be any day now. If there's any interesting bullseyes like he's looking for then I think we'll hear of progress quite rapidly from the way Oliver has been speaking over the past few weeks. He wants to discover another porphyry system there which he sounds sure is there somewhere. Fingers crossed for that one!!!!
Donkey - I'm hoping that OF will apply the warrant exercise monies to Garfield. And he has said they are proceeding with Garfield so I don't now think it's holding it up that much.
If we can double PM that adds so much more value to the company and they could perhaps look for a strategic partner on improved terms.
BUT it IS holding up proving up Garfield, since the grant funds could be used to Pilot Mountain and then the raised funds directed to Garfield, which is a massively interesting copper play, especially since it's in a mining friendly jurisdiction in the USA.
Sorry LW, Grants are in application, they really cannot say anymore than that - hired an expert (who also holds about 5.6% in the company, she recently upped her stake through the warrant exercise process). Grants will land when they land, The thing is OF has the funds to proceed with PM without having to wait for them to land, so it's not holding up progress here.
and...we're not even talking about the other prospects on the licenses...
LW, drill permits for Pilot Mountain, that could double the resource according to OF, are due anytime ... OF has lined up the driller and knows exactly where he wants to drill.
Understood PFG - have GMET updated on where they are at with the grant process and/or timescale for any decision?
Read throught my posts LW, I've been making that point for yonks.
But we are talking Nevada, US soil here, might make a small difference.
Like BRES GMET has been able to private raise at a premium. I'm in both these stocks,just following the smart money.
Bres have already got one of these grants last year and tbh, it didn't give its share price any massive or sustained lift. Took a long time to obtain as well.
Paul
I had been listening to that Kitco interview and was very pleasantly surprised that the main stock he specifically highlighted was GMET. The guy is a regular contributor on Kitco and elsewhere and is clearly enthusiastically promoting it to his clients and investors generally. It is very beneficial to have GMET promoted to US Investors as they should be keen to invest in Nevada. The arrival of the US Government grant should be a game changer and the guy in the interview seemed of the opinion it will come because the Tungsten is such a strategic asset. OF has mentioned many uses for Tungsten but this guy mentioned one I hadn’t heard mentioned which was bullets. The current state of the world suggests bullets are a much sort after product.
As highlighted on X, about 15mins in, this US guy just loves and is buying GMET
https://youtu.be/qobUwba0uIQ?si=I-KRo9rPo_ITIeyx