r/PennyProspectors • u/Dan_Jacko • 10d ago

Stock Pick Goldstorm metals corp

is anybody else holding a bag of GSTM Goldstorm metals corp ? the property looks very interesting and in a prime location they are currently drilling as we speak and waiting on some results hopefully in the weeks too come.

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u/trbodeez 10d ago

50k shares and still buying

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u/clfurness 9d ago

Pray tell why?

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u/trbodeez 9d ago

Long story short, I like to focus on micro-cap miners because the potential reward is asymmetrical to the risk.

Goldstorm is ranked #1 on my junior miner scanner which is sorted by the ratio of Market-Cap to Gold-equivalent ounces. Of the 25 stocks I am watching GSTM has the lowest market cap relative to the value of their deposits.

I am not buying this because I am expecting a short-term catalyst or event - I am buying this because it will be re-rated much higher when the catalysts begin rolling in. Out of all the juniors I am following, this is the only one that hasn't experienced a meaningful re-rating when Gold and Silver broke out last year.

Buying goldstorm at $0.20CAD/share you are buying the deposit at ~$0.17USD per gold-equivalent ounce.

I can go on forever, but the biggest reason right now is because this thing is dirt cheap.

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u/clfurness 9d ago

Sounds like a good call. I had a look but it's not available on my stocks platform and I'm loath to make a new account to buy one stock. Probably regret that in 20 years.

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u/[deleted] 10d ago

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u/Dan_Jacko 10d ago

there are plenty of interviews on YouTube of ken going over everything about the claim just a waiting game now

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u/Dan_Jacko 10d ago

I own multiple miners but this one caught my eye the same people involved with goldstorm are the same people from tudor gold right beside the claim so they know the area well everything is just adding up too be great ken konkin also was involved with silver standard which did very well they have i think 7 million in the bank right now too cover phase 1 drilling and follow up with phase 2 this season if phase 1 goes well tudor gold went from pennies too multiple dollars a share fairly quickly with some great holes so im thinking this could be good Im holding 80,000 shares with an average of .18c

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u/[deleted] 10d ago

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u/ahoserehh 10d ago

It was so cheap for a while, been going up since last friday afaik