Bob Moriarty of 321Gold shares his ideas on Goliath Sources’ excellent drill outcomes, which they simply introduced on Tuesday.
Goliath Sources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF;FSE) launched a house run press launch on January 11, 2022, exhibiting the excellent outcomes from a 24-hole drill program.
The inventory went down $.03 on the information.
That’s an ideal instance of “purchase the rumor, promote the information.”
Personally once I noticed the press launch I believed the inventory would go up fifty %.
It ought to have.
Itemizing the assay outcomes from twenty-four out of twenty-four holes would get manner too boring for each you and me so I’ve listed the common grades of gold and silver from all twenty-four holes. Whereas these aren’t the barn burning unimaginable holes coming from New Discovered Gold and Eloro and Eskay, $331 rock (US) over 5.87 is bonanza high quality.
I’ve lined the corporate for nearly two years and it has been an enormous residence run for my readers.
In August of 2019 the inventory was $.12. Previously two years the inventory has been as low cost as $.115 and had a excessive of $1.62 in July of 2021.
The corporate has proven they’ve the products and extra drilling will generate extra excellent outcomes. The inventory now has a market cap of about $47 million CAD.
It’s going to go lots increased as soon as buyers sober up.
The inventory has had a wonderfully regular 50% correction for the reason that excessive and is ready to go a lot increased now. It seems to be to me as if they’ve not less than a few million ounces utilizing Kentucky Windage.
That may make gold within the floor price about $18 an oz in USD and it must be 3-5 occasions increased than that.
Goliath is an advertiser on 321gold and I’ve purchased a good variety of shares at a better value. I’m biased so do your personal due diligence.
GOT-V $.84 (Jan 11, 2022)
GOTRF OTCBB 56 million shares
Goliath Sources web site
Bob Moriarty based 321gold.com, along with his late spouse, Barbara Moriarty, greater than 16 years in the past. They later added 321energy.com to cowl oil, pure fuel, gasoline, coal, photo voltaic, wind and nuclear power. Each websites characteristic articles, editorial opinions, pricing figures and updates on present occasions affecting each sectors. Beforehand, Moriarty was a Marine F-4B and O-1 pilot with greater than 832 missions in Vietnam. He holds 14 worldwide aviation data.
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