Although I really like GBR, I believe valuation is too rich for me. At current price market Cap is 80M. PGM, its neighbor on the other hand is trading at 130M, but with proven ounces and infrastructure. Of course leverage will be bigger with GBR. Anyhow, if I would buy it, I would certainly sell my initial investment after a double or more, it never hurts to take some money off the table. Remember OSK, the darling of the town, but when initial resource came out, everybody was disappointed and sold shares.
I do not recall this being in the matrix unless the name change.
I think I’d rather play the lottery.
Although I really like GBR, I believe valuation is too rich for me. At current price market Cap is 80M. PGM, its neighbor on the other hand is trading at 130M, but with proven ounces and infrastructure. Of course leverage will be bigger with GBR. Anyhow, if I would buy it, I would certainly sell my initial investment after a double or more, it never hurts to take some money off the table. Remember OSK, the darling of the town, but when initial resource came out, everybody was disappointed and sold shares.