wealth_bakery

GGI.V -- Oversold and forgotten high grade Nickel and Gold Play

Long
TSXV:GGI   GARIBALDI RESOURCES CORP
GGI has hit some rough patches recently but the macro looks very favourable with lots of attention on ethical Nickel, thanks to Tesla Battery Day. The Nickel Mountain Deposit hosts some of the highest grade Nickel on the planet. The head geologist Dr . Peter Lightfoot is one of the top Nickel experts in the world with many mining textbooks to his name. Billionaire Eric Sprott holds 20% of the float.
Few know this but GGI also plans on drilling their high grade Gold property Casper where they reported a discovery early this year.
The stock has not seen a lot of love despite the project getting de-risked and the deposit extended. A death of the helicopter pilot near the site added to the negative sentiment.
GGI is now deeply oversold with strong historical and Fibonacci support at .50. Approaching a 52 week low set during the March market crash. I like the risk/reward at current levels. I am being told that the company is setting up for a marketing push shortly.

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