Movers and SHAKERS
Garibaldi Resources Corp (GGIFF)(GGI:CA)
More Than Meets the Eye
Garibaldi Resources Corp is a Canadian-based junior exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties located in Canada and Mexico. The company's projects in Mexico include the La Patilla, the Rodadero, the Tonichi and the Iris project. Its projects in Canada include the PSP and King projects, The Cariboo Copper and Gold project, the Red Lion project, the Grizzly project, the Tora Tora project and the Black Gold project.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Initiating coverage. Garibaldi Resources offers exposure to a base and precious metals exploration company with over 180 square kilometers of mining claims in the mineral rich Eskay Camp in northwest British Columbia. The company’s flagship E&L Nickel Mountain project represents the first magmatic nickel-copper-cobalt-PGE-rich massive sulphide system identified in the Eskay Camp. The company is advancing the Casper discovery, a gold vein that is 12 kilometers northwest of Nickel Mountain. Garibaldi also has a promising portfolio of base and precious metal focused projects in Mexico. Because the drilling season in British Columbia is short due to weather constraints, the properties in Mexico enable the company to remain engaged year-round.
Potential value creation opportunities. While the properties in Mexico enhance the diversity of Garibaldi's asset portfolio in terms of geography and metals mix, they may offer a source of value creation through sale, joint venture, or option agreements. We think management may consider streamlining its holdings and restructure its base and precious metals claims in British Columbia into two ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.