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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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| Gart.Sml.Co | LSE:GSM | London | Ordinary Share | GB0005323091 | ORD 25P |
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| 0.00 | 0.00% | 262.00 | 0.00 | 00:00:00 |
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| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | O | 0 | 262.00 | GBX |
Gartmore Smaller Cos (GSM) Share Charts1 Year Gartmore Smaller Cos Chart |
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1 Month Gartmore Smaller Cos Chart |
Intraday Gartmore Smaller Cos Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/6/2024 | 10:38 | WHAT IS THE GRAND SOLAR MINIMUM? AND WHY ITS BEING CENSORED | 15 |
| 11/6/2023 | 20:38 | SILVER TO ROCKET,BITCOIN TO CRASH..MAESTRO 's prediction this summer | - |
| 04/10/2022 | 21:33 | JOHN L CASEY DISCUSSES EARTHQUAKES AND GRAND SOLAR MINIMUM | 1 |
| 26/11/2021 | 13:09 | FORGET CORONA VIRUS ITS THE GRAND SOLAR MINIMUM TO WORRY ABOUT | 8 |
| 21/10/2021 | 07:20 | GRAND SOLAR MINIMUM NOW..THERE IS NO GLOBAL WARMING..LIES! | 31 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 15/6/2021 20:03 by johncasey Extreme Weather GSMRARE MID-JUNE SNOWSTORM BLASTS ICELAND: TOURISTS REQUIRE RESCUING JUNE 15, 2021 CAP ALLON It may be the middle of June, but it’s snowing heavily in the East Fjords of Iceland. And, according to local meteorologists, these unusual summer chills are forecast to continue for the next few weeks, at least. Residents of Mývatnssveit and Fáskrúðsfjörður, located in Northeast Iceland and East Fjords, respectively, are waking to snow-covered landscapes this week. Óli Þór Árnason, meteorologist at the Icelandic Met Office, said that numerous areas from Eyjafjörður Fjord in the north and all the way to the East Fjords have received either sleet or snow in recent days. Snow in Fáskrúðsfjörður, mid-June, 2021 [Mbl.is/Albert Kemp]. “It has gotten colder in the East Fjords lately, where the temperature is close to 0C (32F),” Árnason noted. “It gradually gets warmer the farther south you go,” he continued, “but not much — the mercury is reaching just 3C (37F) in Djúpivogur and 5C (41F) in Hornafjörður fjord (in the southeast).” Meteorologist Einar Sveinbjörnsson added: “What makes this Arctic depression so special is how southern it is.” The mid-June snow was so heavy in places that tourists had to be rescued after finding themselves trapped. As reported by Iceland Review, search and rescue crews were called out to assist a group of visitors at a campsite near Vík í Mýrdal, located at the southern tip of the country, after a severe snowstorm blew in. More than 10cm (4 inches) of global warming goodness had settled on the Pakgil campsite in just a few hours, making it impossible for ordinary vehicles to negotiate the steep and rough track, reports the independent.co.uk. Sveinbjörnsson continued, writing on his daily weather blog: “One has been able to observe the formation of a more severe type of Arctic depression, but what also makes it special is its location, i.e. how southern it is. “The origin can be traced to the inflow of freezing Arctic air from Canada east to the Atlantic Ocean.” Normally, June is the month with least precipitation in Iceland, and snow is rare, added Sveinbjörnsson. Snow on Möðrudalsöræfi, June 13, 2021. We’re now just a week away from the summer solstice, yet the temperature in the country’s capital, Reykjavik, is not expected to reach double figures before the weekend. And looking further ahead, Sveinbjörnsson has said the following week (so from 28 June–5 July) will be cold across Iceland, Scandinavia and also mainland Europe. This appears to be backed up by the latest GFS 2m Temperature Anomaly run (shown below), which sees an Arctic trough riding anomalously-far south on the back of a weak and wavy ‘meridional Much of Europe is set to suffer a late-June chill [tropicaltidbits.com |
Posted at 17/12/2009 12:57 by smilewithme Arpy2Nice to see you and A.Fewbob The GSM plan is to do some more marketing and get the price at 20 cents. Then tney can raise the money they need to do more drilling at MC. So patience is required here. Still have my shares. :-) |
Posted at 16/12/2009 00:56 by a.fewbob GOLD SUMMIT REPORTS NEW RESOURCE ESTIMATE OF 280,000 OUNCES GOLD AT MONTE CRISTODecember 14, 2009 Gold Summit Corporation ("GSM" or the "Company") announces that it has received preliminary results from the new SURPAC block model of the McLean Lode at Monte Cristo, forming part of a National Instrument 43-101 ("NI 43-101") compliant technical report to be posted on SEDAR within 45 days of this announcement. At a 1.0 g/t gold cut off, the inferred global resource amounts to 278,923 ounces of gold contained in 1,923,391 tonnes at a grade of 4.51 g/t gold. At a 5.0 g/t gold cut off, the inferred global resource amounts to 173,939 ounces gold contained in 364,767 tonnes at a grade of 14.83 g/t gold. Additional variography and statistical studies are in progress to produce resource estimates at 2.0, 3.0 and 4.0 g/t cut off grades. Commenting on the new resource numbers, Dr. Anthony P. Taylor, Chief Executive Officer of GSM said: "we have long considered that the McLean Lode has production promise and are very encouraged with the new estimate that clearly points in the direction of a mine scoping study. That may include step out drilling to increase the resource, additional core drilling within the resource to provide a more accurate estimate of mineable widths and gold and silver grades and mine and metallurgical engineering and permitting studies". The new resource remains heavily weighted by a predominant number of reverse circulation drill results that exaggerate vein widths and dilute grade for gold. The majority of the holes drilled prior to GSM's work were not assayed for silver. Four GSM core holes, in particular, encountered significant silver grades, ranging between 500 g/t and 1500 g/t leading to the conclusion that a significant, but unquantifiable, silver resource exists. Since the previous NI 43-101 study, completed four years ago, the new study is intended to gauge economic viability given current gold and silver prices. It indicates that, at a cut-off grade between 1.0 and 5.0 g/t gold, there is the potential for a resource to support a ten year, small scale, mine operation. Additional work is warranted to quantify that and a scoping study is planned. GSM controls approximately 7.5 km strike length of a wide mineralized and altered fault zone at Monte Cristo. The Mclean Lode lies towards the northern end and other mineralized target areas remain to be tested and other similar ore shoots are thought likely to occur. The McLean Lode and containing fault zone has many geological similarities, including host rocks, structural styles, alteration, gangue and ore mineralogy to the famous Comstock Lode 200 km to the northwest, located in the same Miocene age volcanic suite. Individual ore bodies of the Comstock system are of similar dimensions to the Mclean Lode and with distinct plunge (elongation) directions within the host fault zone. The Comstock ore bodies produced a total of approximately 8 million ounces of gold and 200 million ounces of silver. GSM currently explores primarily in Nevada for high grade gold and gold/silver deposits that would support underground, low cash cost operations. Apart from Monte Cristo, GSM's other properties cover part of four more Tertiary epithermal vein districts. All these have drill ready targets defined by surface work with potentially economic gold and or silver grades in outcrops or discovery drill holes. One is the Sugarloaf Peak Prospect in Esmeralda County, Nevada, the subject of a NI 43-101 compliant report, filed November 10, 2009. The Tip Top Mine has indicated and inferred resources of 646,234 tonnes grading 2.9 g/t gold at a 1 g/t gold cut off and column leach tests to evaluate an open pit-heap leach option are in progress. The 43-101 report on Monte Cristo is authored by Nicole Preuss, M.Sc.,LG, M.Aus IMM, a Qualified Person, as defined in NI 43-101, licensed in the State of Washington. Larry Kornze, a GSM director and a registered Professional Geologist, designated as the Qualified Person under National Instrument 43-101 has reviewed and approved the contents of this news release. First Canadian Capital Corp. provides strategic marketing and corporate communications advice to Gold Summit. Contact Jason Monaco: jmonaco@firstcanadia For further information, contact Andrea Rascati at Gold Summit's operating office in Reno at (775) 284-7200 or visit GSM's web site at www.goldsummitcorp.c Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements. These statements are based on information currently available to GSM and GSM provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe GSM's future plans, objectives or goals, including words to the effect that GSM or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of GSM's mineral properties, and GSM's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of GSM's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on GSM's forward-looking statements. GSM does not undertake to update any forward-looking statement that may be made from time to time by GSM or on its behalf, except in accordance with applicable securities laws. This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources and reserves, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. |
Posted at 13/6/2009 16:18 by smilewithme hi chrisgood to see that you are still around am quietly confident that GSM will get back to the amount we paid in placement some time ago indeed took more in the recent placement at ten cents :-) |
Posted at 13/6/2009 15:20 by chris1983 Gold Summit Corporation ("GSM" or the "Company") announces that a total of 625,000 options to purchase common shares of the Company were granted to directors, officers and consultants on June12, 2009 at an exercise price of $0.20 per share, expiring on June 12, 2014. The grant is subject to regulatory approvalGSM explores primarily in Nevada for high grade gold and gold/silver deposits that would support underground, low cash cost operations. GSM's primary properties, totaling 42 km2, cover four Tertiary epithermal vein districts. All these have drill ready targets defined by surface work, most with bonanza grades in outcrops or discovery drill holes. The company's flagship property, Monte Cristo, contains a National Instrument 43-101 compliant inferred resource estimate of 331,000 tonnes averaging 6.5 g/t gold. High grade shoots that form the heart of the resource are open down plunge and the company plans work to extend these. |
Posted at 21/1/2009 20:11 by smilewithme This is very good news - GSM are now free to find a partner who has some money to get this thing moving again!Gold Summit's Monte Cristo Prospect News Reno, Nevada US, Jan 21, 2009 (Filing Services Canada via COMTEX News Network) -- Gold Summit Corporation (GSM - TSX Venture), reports that International Bethlehem Mining Corp. (IBC), citing poor market conditions, advised yesterday that it will not continue its participation in the Mining Option agreement on the Monte Cristo Property. The agreement required IBC to spend a further $600,000 on exploring the Monte Cristo Property in the 12 month period following the February 28, 2009 anniversary date. The Mining Option agreement required IBC to spend $1.5 million on exploration to earn a minimum 25% interest in the Monte Cristo Property and an aggregate of $3 million to earn a 50% interest. The Mining Option agreement also required 600,000 IBC common shares to be issued to GSM. To date IBC spent a total of $600,000 on exploration of the Monte Cristo Property and issued 200,000 shares to GSM. Commenting on the withdrawal, Dr. A. P. Taylor, GSM's President and CEO said: "the timely notification by IBC of their intentions, leaves our flagship Nevada property unencumbered with the opportunity early this year to seek another partner or other financial option to continue exploring there. High grade underground gold and silver targets in Nevada remain geologically compelling and that does not change with market conditions". The Monte Cristo Property consists of 372 unpatented lode mining claims, an area of approximately 2,677 hectares (7,500 acres) covering an 11 km north-northeast trending fault zone in Tertiary volcanic rocks. Along the trend, GSM has identified numerous geological and geochemical drill targets. The Monte Cristo Property includes the McLean Lode, a high grade gold-silver vein system where GSM drilling between 2004 and 2008 discovered a classic epithermal vein system under an old open pit oxide gold deposit. A NI 43-101 inferred resource estimate of 331,000 tonnes averaging 6.5 g/t gold was filed in 2006. The estimate is largely based on reverse circulation drilling and does not include a complete silver assay database. GSM core drilling has intersected vein material with gold grades ranging between 0.1 and 253 g/t gold and 0.2 and 1309 g/t silver. GSM believes that the McLean Lode may lie within a much larger gold/silver bearing zone with many geological similarities to the Comstock Lode system that produced approximately 8 million ounces of gold and 200 million ounces of silver. GSM explores primarily in Nevada for high grade gold and gold/silver deposits that would support underground, low cash cost operations. GSM's primary properties, totaling 42 km2, cover four Tertiary epithermal vein districts. All these have drill ready targets defined by surface work, most with bonanza grades in outcrops or discovery drill holes. GSM is also conducting a lithium exploration program in Esmeralda County on behalf of Black Pearl Minerals Consolidated Inc. Larry Kornze, a GSM director and a registered Professional Geologist, is designated as the Qualified Person under National Instrument 43-101 and has reviewed and approved the contents of this news release. In other news, GSM reports that James Pirie has resigned as CFO of Gold Summit Corporation to focus on other activities. GSM would like to thank Dr. Pirie for his notable service and wish him well in his future endeavors. |
Posted at 30/9/2008 14:58 by smilewithme GSM still trying their best to create shareholder value:*"Gold Summit Corporation (TSX-V GSM) has staked a block of 136 lode mineral claims covering an exposed precious metal bearing, quartz breccia in Esmeralda County, Nevada. Surface samples of stockwork quartz veining assayed between and 0.02 and 12 g/t silver" *"GSM is also conducting a lithium exploration programme in Esmeralda County on behalf of Black pearl Minerals" (Although Black Pearl gets to keep any Lithium found by GSM, GSM do get paid for looking and finding. And GSM gets to keep share in everything else. There may be Potash in them hills) *"In western Ontario, Gold Summit is also exploring a nickel-copper prospect in mafic rocks near Dryden where diamond drilling is planned in mid October" (Understand that the geology is similar to the Noront Discovery which became the Ring of Fire in the James Bay Lowlands. Of course on that back of that NOT was the best performer on the TSX-V, last year rising from around 50 cents to over $6 in a few months.) G O L D S U M M I T C O R P O R A T I O N PRESS RELEASE FOR IMMEDIATE RELEASE TSX-V Symbol "GSM" September 29, 2008 Reno, Nevada GOLD SUMMIT STAKES SILVER BRECCIA-PORPHYRY TARGET IN NEVADA Gold Summit Corporation (TSX-V GSM) has staked a block of 136 lode mineral claims covering an exposed precious metal bearing, quartz breccia in Esmeralda County, Nevada. Surface samples of stockwork quartz veining assayed between and 0.02 and 12 g/t silver. The area is underlain by a regionally prominent, circular, coincident gravity and magneticanomaly, a distinctive pattern that underlies the subsurface signature of many of the large gold and copper metal producing districts in northern Nevada. The circular magnetic feature is interpreted as a buried intrusive with which a number of copper prospects that occur to the north may be related. The breccia corresponds to a strong resistivity anomaly discovered by Great Basin Exploration and Mining Company in 1990 who drilled a number of shallow reverse circulation holes to test for large open-pit gold mineralization. The open spaced nature of the quartz at surface indicates that deeper drilling is warranted for higher grade mineralization that may include gold and copper as well as silver. Gold Summit explores mostly in the United States for high grade gold and gold/silver deposits that would support underground, low cash cost operations. GSM's primary properties, totalling 42 km2, cover four Tertiary epithermal vein districts in Nevada. All these have drill ready targets defined by surface work, most with bonanza grades inoutcrops or discovery drill holes. GSM is also conducting a lithium exploration programme in Esmeralda County on behalf of Black pearl Minerals. In western Ontario, Gold Summit is also exploring a nickel-copper prospect in mafic rocks near Dryden where diamond drilling is planned in mid October. |
Posted at 05/6/2008 08:49 by smilewithme from tooclassy over at stockhouse, reminder of what we have here:My review of the Gold Summit drilling program and a conversation with Tony Taylor No news from Gold Summit Resources (Toronto Venture: GSM)is not bad news. This is the exploration business, it is a long process and it takes time. Furthermore, the investment climate for resource sector stocks has been very negative recently, and negative generally ever since the subprime crisis-driven stock market meltdown of August, 2007. Further negative since the meltdown in the price of Novagold. Negative - meaning "lower stock prices". Only a small percentage of resource stocks have been moving up in this environment. That said, GSM is not sitting on its hands and doing nothing. Ongoing drilling at flagship Monte Cristo property in Nevada, USA GSM is finishing the last of its drilling work, the final drillhole. When it gets the assay data from the last two holes it will analyze all drill results and put out news on what it all means. No, I don't know how successful is the current program. GSM president Tony Taylor was completely tight-lipped about it, and I am sure the market will not know anything until there is a news release. New 43-101 compliant resource estimate to follow the drill program Taylor said that a 43-101 compliant updated resource estimate will likely be produced after a near term follow-up drill program (if there is one) is completed, or after both programs if possible. I reviewed a 3D representation of the area of mineralized anomolies below the Maclean pit where a 43-101 resource calculation was previously produced and where more drilling is being done now. Clearly there are further mineralized areas extremely prospective for gold intercepts. Furthermore, the areas between previously drilled intercepts of ore grade material are even more likely to include ore grade intercepts as well, as probable as one can get in this business. Here, the so-called infill drilling will improve the confidence level in past and current drill results and it's obvious to me that the originally reported and very conservative 43-101 compliant resource estimate of about 70,000 ounces of gold in the inferred category will be substantially upgraded in number of ounces and where possible to a higher confidence category. This is a given. GSM will find more gold where it has already found gold, and secondarily in other untested areas in close proximity which are known to have mineralization with a similar geological signature. More gold intercepts, plus higher confidence level drilling (holes spaced closer together than before), plus perhaps a lower cutoff grade, could easily lift the reported resource to perhaps 125,000 ounces or more should such a 43-101 report be announced. An expanded near-term followup drilling program could lift this to 200,000 or even 250,000 ounces depending on the number of holes done. These are my "guesstimates", and any future surprise "bonanza" grade drill holes would of course build up all these gold ounce numbers further and faster. With nice metal grades and a rising resource base, one can start to envision a small, profitable mine in the making here. All from merely one area among many within the Monte Cristo area. If GSM were to focus only on the area below the Maclean pit it would reduce the risks of exploration in the short term and provide momentum for the company which could later be capitalized on for exploring the other highly prospective targets of Monte Cristo. Meanwhile, the substantially higher numbers in an updated resource calculation should be positive for the stock price. Silver ounces to get some respect at Monte Cristo We will get some millions of ounces of silver out of any analysis of current and future drilling. Historical data for silver underneath and near the Maclean pit was poor or non-existent, so there is some past handicap here in determining what we have had, but this will become clearer in the near future. There have been some very high silver grades and intercepts over mineable widths in prior drilling work by the company.The silver is important because it can increase the rock value by up to 50% of the gold value. This can considerably improve the economics of a future mine. Putting the current drill program in perspective I reviewed the area of mineralized anomolies below the Maclean pit where a 43-101 resource calculation was previously produced. Clearly there are further mineralized areas extremely prospective for gold intercepts. The current program will be expanded and followed up more aggressively as decided by the JV partners based on the drilling results obtained. The drilling work done here is only in one area among many (a dozen or two) within the Monte Cristo land area. Drilling results from below the Maclean pit will by no means tell us how successful will be the drill programs in each of the other most prospective areas of the Monte Cristo land package. The other areas have a similar or essentially identical geological signature. Based on that it is my opinion that if and when there is substantial (extensive) drilling of the other areas and if those areas obtain results similar to those obtained below the Maclean pit, it is likely to ramp up the gold and silver numbers into the millions of ounces eventually. Of course, whether the JV partners will drill the other areas depends on how successful are the earlier drilling programs such as the current one, and financial constraints. GSM needs substantial results to build up the necessary momentum to justify the drilling of the other areas. I am patiently waiting for GSM to announce its drilling results in a few weeks or so, and for clarification about the scope of the drill program to follow. I am also looking forward to the resource calculation updates. Realistically that is what is likely to drive up the stock price as an increasingly large metal resource leads to a higher probability of a positive production decision. tooclassy |
Posted at 10/3/2008 17:55 by smilewithme from dferfgu7477Hi, tictactoe111, While I understand your angst, I think I agree with smilewithme that we are near or at the lows here. Yes, the chart is ugly, and the market has taken a "show me" attitude to the company. On the other hand, therein lies opportunity. GSM will shortly have a joint venture partner confirmed for the flagship Monte Cristo property, and $3mm is slated for drilling there. I think this is the significant departure point from the past. In 2007, GSM took two body blows from VSA. VSA approached GSM (not vice-versa) and represented that they could raise whatever amount of money GSM needed to drill all their properties. Tony and Ruth spent a lot of time calculating a ~$7mm figure to do that, and VSA failed to raise anything, at all. Then, VSA modified their stance and said they could raise $2mm for Monte Cristo alone. Again, they raised nothing. This wasted time and effort hit GSM hard. Their focus had been on getting rolling in a big way on the properties for the entire first half of the year, and not only did that effort get wasted but the opportunity cost of not having other productive efforts during that time, really hurt. Then, last Fall, they raised some funds and--although they found some gold--they missed a big intersection. With 2007 year as the current backdrop, I'm actually pleased the stock hasn't fallen further. GSM stock is apparently in strong hands. And, this leads us up to the present. Absent VSA, GSM is taking matters into their own hands and starting off the year in strong fashion. It's just not yet reflected in the stock price, because the market wants to see results,first. But now look where we are at the moment. In the last two or three months, GSM has: * Optioned an attractive nickel property and raised funds in a PP to do preliminary work on it; * Raised additional funds in a PP that was oversubscribed; * Optioned the San Francisco property so that that property can be moved forward (it wasn't going to get much work right now from GSM, anyway); and, most importantly, * Created a JV that aims to expend $3mm on the Monte Cristo property alone. This is huge, IMO. That $ amount is 50% more than VSA stated they'd raise for Monte Cristo. GSM is an exploration play, and the ultimate story will be told by the drill bit. It's a calculated risk, just as any investment is. On the other hand, we know there is gold at Monte Cristo, and the JV will drill right close by. As ever, the best place to look for gold is next to where there already is gold. On top of all this, GSM still retains 100% ownership of their other three, excellent properties--Gold Basin, Blue Sphinx, and Gold Springs, and is free to do their own work on them or do additional JVs as they choose. I believe the best yardstick to judge an exploration company is to assess the extent to which the management team has made discoveries in the past. Tony and his team have done that. They've found properties with Amselco; located the Carolinas properties, and found gold in the McLean pit at Monte Cristo by drilling deeper than prior operators and explorers went. IMHO, his and his team's geologic and detective skills are among the best in the business. All this doesn't ensure success with the upcoming drilling at Monte Cristo. GSM remains a calculated risk, and these veins are hard to find. But I believe our odds are enhanced, not diminished, with Tony and his team. It appears they finally have the resouces to do their thing. And, if GSM finds another epithermal vein, look out--those veins are very rich things. Your chart will change in dramatic fashion. GLTA! |
Posted at 14/2/2008 20:44 by smilewithme from dfergu7477 over at stockhouse:Hi, smilewithme, I agree that this may be GSM's year. After last year's painful experience with VSA twice failing to raise funds they said they would, GSM appears ready to rock and roll. As far as this latest financing goes, I again participated (I had for the late Summer/Fall private placement, as well.) It will take just the tiniest bit of good news and this stock will explode. Do you see on Yahoo the average number of GSM shares traded over the last three months? 46,000 shares. Puny! That's well less than $10,000 worth of GSM stock traded per day on average over that time. In fact, it's closer to $5,000 than $10,000. Now, juxtapose that piddly amount with what International Bethlehem has agreed to fund in exploration monies over the next four years, in their letter of intent to garner 50% of the Monte Cristo property in a JV: $3,000,000. IMO, this is a company moving event. Even as recently as last May, I believe VSA said they'd raise around $2,000,000 for Monte Cristo alone, and weren't able to do it. Now, we have IBC saying they'll do $3,000,000. They can only be offering to invest that much in exploration for HALF of the value of Monte Cristo, because they are extremely excited. Heck, they see what I see. There's gold in Monte Cristo--GSM already has from ~70,000 to ~100,000 ozs. of gold already discovered. Their current efforts will focus on the areas surrounding that find. I've been to the property. I've seen where the creosote plants are that GSM discussed at the end of 2007, when Ruth and Tony shared with me that the expert who analyzed the traces of gold in the plants had never seen higher readings on similar plants, anywhere! That location is right near the MacLean pit (where the current resource exists). Now, GSM is cashing up and will drill like crazy in 2008. I believe they're working on other JV's, as well. That makes sense, too, as their additional Walker Lane and other properties are also terrific candidates for JVs. To go back to what I said at the outset of this post--it won't take much and this stock blow up higher and faster than we can now fathom. After all, we're talking about fantastic properties that GSM was gathering back around 2000, when no one cared about gold. Now? Gold's in the $900s and Monte Cristo--which is similar in ground and structure to the famous Comstock lode--except that it's MUCH larger--will aggressively be drilled. All it'll take is one hit--just one--and we're off. The stock market notwithstanding, IBC thinks so much of MC's prospects that they're willing to invest $3,000,000 to get just half of it! Investors were greatly disappointed by GSM's lack of activity in 2007 (again, mainly due to VSA's failings), and the stock still reflects that sentiment. Now, GSM active and will get MORE active. The company is rockin' and rolling' and the market doesn't know it, yet. But it will, my friend, it will. GLTA! |
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