tmcecogeo

Coiling for upside breakout

Long
tmcecogeo Updated   
OTC_DLY:GOTRF   Goliath Resources Ltd.
Goliath has secured funding from gold's top investor Rob McEwen and continues to make strides in their discoveries. Gold holding steady above $2000.

Only a matter of "when" not "if" this breaks to the upside.
Comment:
TP levels 1.22 and 1.5. Thoughts?
Comment:
Price fell back sooner that I thought, but this one is still a good move. Gold holding steady above $2100.
Check out Goliath's latest news pieces on their newly discovered gold veins. They've got some wild amount of gold.

A very back-of-envelope estimation of recoverable value based on $1000/oz cost basis, 46.5 million ounces total, 90% recoverable, 2B capex: ~ 40B
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