Monday July 23

 

 
 

Symbol: TSX-V: GTQ.TO
Company: Gateway Gold Corp.
Price: C$0.84
Shares Outstanding: 33 M
Market Capitalization: C$26 M
52 Week Range: $0.62 - $1.68
Entry Price: 0.70, target $1.2

http://stockcharts.com/h-sc/ui?s=GTQ.TO&p=D&yr=2&mn=0&dy=0&id=0

 

  GoldMau Comment:
 

Gateway's Big Springs project in Nevada has amassed 1.2 million oz of gold near surface from a number of small pits. Kaiser talked about the stock when it was $1.5, liking the oz's and the potential from deep drilling at Big Springs. Gateway drilled a couple deep holes in the property but didn't intersect decent grades. The company also has the Golden Dome project in Nevada, where past drilling yielded 25 feet grading 1.34 g/t. Gateway managed to find several near surface anomalies and are drilling them right now.

Given its modest market capitalization, reputable management, and the oz's already under its belt, Gateway presents a relatively safe investment in this risky junior resource world. Stock shows on the verge of break out above 200 DMA of 84 cents. I am in for 50,000 shares at 70 cents.

 

 

Company Contact Info: http://www.goldmau.com/gtq.php
Presentation link: http://www.gatewaygold.com/Flash2007/Gateway.html

 

 

 
 

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