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While this pps is so low I am reposting this speculation. I just visited Impala Canada and see the news that it bought North American Palladium for $1 billion. Then note what the comments from previous post said about how much larger Grid deposit might become.
here is the post:
I conducted a Zoom webinar with CEO Robin Dunbar and David Peck last week about East Bull Lake. They have a lot of data, and have conducted significant MT surveys, geophysical, and surface work earlier this year to firm up targets for this initial program. Peck breaks down the similarities to Lac de Iles' geology in the webinar, except he believes that East Bull Lake could be 5-6 times larger!!!!
Did you get that. Lac De Iles sold for $1 BILLION and he thinks East Bull Lake deposit could be 5-6 times larger
So according to Dr. Peck's comments Grid Metals has Multi BILLION dollar potential.
That would be over $20 CDN / share. Using $2B/ 83 million shares. Something to fantasize about.
Time to load up and the is what I did. GLTy all
Looking at Palladium's chart. It really has been doing very well. Grid sure does need a 'discovery NR so its pps can join the party.
After further review of the last NR they are being methodical and working their way towards the core deposit. I was hoping to have already heard what drill results of core will be. But they are not drilling there yet. Makes sense to working their way into the core so they know what they have and delineate the resource. I am just impatient and wanted the core drill answers first. So need to wait a bit longer. :( Believe it will be worth the wait.
Report on last 2 holes is disappointing.
Grid Metals Provides a Further Update at East Bull Lake Drilling Commences
TORONTO, ON / ACCESSWIRE / September 9, 2020 / Grid Metals Corp. (the "Company") (TSXV:GRDM) is pleased to provide an update on the ongoing 2020 diamond drilling program at its 100% owned East Bull Lake ("EBL") palladium property (the "Property") in Ontario. The Company plans to test the main structural zone on the property at several locations along its 12 km extent. In the first phase of drilling anomalous palladium grades were intersected in both of the targets tested at the Parisien Lake target area. The East Bull Lake Property covers approximately 85% of the palladium-bearing East Bull Lake Intrusion, located approximately 80 km west of Sudbury, Ontario.
HIGHLIGHTS
The final two holes from Phase 1 returned additional, anomalous palladium grades in association with the shallow geophysical anomaly that was tested;
Drilling has now resumed at the East Bull Property;
Several widely spaced drill holes are planned and these will test additional, near surface geophysical anomalies that are spatially associated with an interpreted 12 km long feeder structure; and,
Initially, two target areas will be tested but ongoing field investigations may prompt testing of a third area.
Plans for the Fall 2020 Drilling Program
Follow Up on Parisien Lake Drilling.
The first hole to be drilled in the fall campaign will test a stronger part of the near surface MT anomaly intersected in holes EBL20-04 to 07. The new hole will be collared several hundred metres to the east of hole EBL20-05 (Figure 1) in closer proximity to the interpreted main feeder to the intrusion - the Sables River structure.
North Margin Target Area
The Company also plans three holes in the North Margin area, an area of the East Bull Lake property with only one previous drill hole, EB12-05 (Figure 1). This hole is located 500 metres to the southeast of the southernmost of the planned holes. It intersected 5.50 metres averaging 1.91 g/t Pd and 0.44 g/t Pt including a 2.0 metre sub-interval with 4.26 g/t Pd and 0.89 g/t Pt. The three planned drill holes will be widely spaced and will cover an approximately 1.3 km long section of the near surface (i.e., 50-200m depth) MT anomaly that adjoins the Sables River structure in this area.
East Lobe South Margin Target Area
The Company currently has two drill holes planned for the East Lobe South Margin target area (Figure 1). The area has been the subject of extensive surface sampling that has defined two sub-parallel, east-striking zones of palladium mineralization (Central and South zones) located immediately west of the Sables River structure. Ongoing field investigations are focused on validating historical sampling and ground truthing several MT anomalies in the area. The holes will test both near surface Mt anomalies and significant, historical surface sampling results.
Quality Assurance and Quality Control
Grid Metals applies best practice quality assurance and quality control ("QAQC") protocols on all of its exploration programs. For the current drilling program, core is logged and sampled at a core facility located in the town of Massey, Ontario - approximately 30 km south of the property. NQ-size drill core samples are cut into halves using a diamond saw. Standard sample intervals of 1.00 metre length are used unless a major geological, structural or mineralization boundary is encountered. Samples are bagged and tagged and driven by Company consultants to ALS Laboratories' sample preparation and analytical laboratory in Sudbury, Ontario. ALS analyzes each sample for Pd, Pt and Au using a lead collection fire assay on a 30 g pulp split and an ICP finish. Copper, Ni and Co are analyzed by ALS using a multi-acid digestion and an ICP finish. The Company uses two PGE certified reference materials ("CRMs") and one analytical blank purchased from Canadian Resource Laboratories to monitor analytical accuracy and check for cross contamination between samples. One of the CRMs or the blank are inserted every tenth sample within a given batch. The analytical results for the two CRMs and the blank for the sample batches reported here did not show any significant bias compared to the certified values and the results fell within the acceptable limits of variability.
Dr. Dave Peck, P.Geo., has reviewed and approved the technical content of this release for purposes of National Instrument 43-101.
see charts:
https://ceo.ca/@accesswire/grid-metals-provides-a-further-update-at-east-bull
Buying more. Glad to take advantage of pullback. I view the risk/reward here acceptable.
Palladium $2300. Come on Grid good time for a Palladium deposit discovery NR. Drilling it now
Palladium doing well. Should bode well for Grid after they announce discovery confirmation drilling results.
You keep missing my point. Sienna's chart shows it has already gone up over 200%. Buying Grid now is like buying Sienna when it was $.25.
It is easy to find charts that look better then a stock that has not taken off YET. Talk about those others on their chat board not here. The merits of Grid's future and price is what this board should be about.
Could happen I suppose, I mean it is after-all the (quite possibly soon to be famous) Marathon Palladium Deposit, right ?
Or hey y'don't suppose monitoring their neighbours could be rewarding do ya' ?.....Just happened to stumble upon them here and - where, boy I might rather be holding their chart than GRIDs'........because - to be sure - Locating a good investment chart isn't easy.......
https://investingnews.com/daily/resource-investing/precious-metals-investing/palladium-investing/sienna-resources-significantly-expands-the-marathon-north-platinum-palladium-property-in-ontario/
GRID METAL INC.s neighbor - CHART'S ALMOST IDENTICAL !.....Altho Sienna's might even look (and sound) better because they also have a :
Not sure what you point is. For me it is my goal to buy before they take off but try to do it reasonably close to when it will take off. Not easy to do. This one, GRID is right there now. It is down but could be very close to releasing the news that will completely change that. Would love to be able to sell some the those you charted and put that profit in Grid. Whoo Hoo.
Where I got it wrong was that they drilled the edges of the target first before they drilled the center of the target. That has delayed any positive pps effects. People dumped it on last news. I was not happy with the results but I was glad to have been given buying opportunity while I wait on the next report.
Well - here's 3 of the palladiums here at least
But really it's the Nickels which HAVE been bizarre......AND the FIOREs of course !
Man.....I hear you were "casing these guys for a while"......Like, when they were down around .15 cents !
I guess this here WAS important for GRID (compare w top chart)
Ya, beautiful. Grid is next to do same. Don't you think?
Of course that assumes they confirm discovery.
Now what we need is the drill results from the core target. That should show confirmed palladium 'discovery' . Should not be too long for that info to be revealed. That info will make this jump one way or the other. I think the people involved here know what they are doing and will succeed. That is why I have invested heavily. Fingers crossed.
Might see a nice week next week....... https://soundcloud.com/sprottmoney
Market cap vs Enterprise Value indicates pps would be about $.21 based on Enterprise value C$19.2 Million. About 100% Something to consider.
based on info in corp presentation
https://gridmetalscorp.com/site/assets/files/5137/julycorppres_ebl_pptx_autosaved.pdf
Video discussing the latest drill results. I so glad I found it as I really wanted to hear from them their take on the results. I feel better.
Says they will drill again later this month so that means about now. AND the target is in center of the anomaly they think it the big one.
This is the result that I think will propel the pps forward. Fingers crossed.
They did say the last results did further confirm the previous analysis on where the targets should be focusing.
So this and the small pps pullback today led me to accumulate more shares before this show really gets moving. As I think it will spike and be hard to catch at a reasonable price.
https://player.vimeo.com/video/445704506
Yikes - yeah no - I dunno - Reckon those results kinda help explain things.....but hey you've been killin' it in 1911 !
Not to mention virtually everything else - KNT, Fiore, and ?
Can't they just helicopter a drill rig there into the center ? Instead they've GOT TO build a road ?
At any rate : You'ze guys here you've gone or you went with Grid Metals whereas wilst me I went with Group Ten (mostly I guess because Silbanye is their Montana neighbour)
Reckon I'll prolly get whacked when theirs' come out - Don't like relying on drill results !
But if they can produce some good results (with Sibyane as their neighbour ) ?.......wo
In this interview, Michael Rowley, the CEO of Group Ten Metals highlights the companies most recent success on their flagship Stillwater West Project located in Montana, adjacent to Sibyane’s Stillwater project which was recently acquired for $2.2 Billion! Group Ten Metals intends to release a maiden 43.101 this year along with a number of press releases providing continuous progress updates
https://provenandprobable.com/group-ten-metals-gold-pge-american-platreef/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157400720
I found the following comment on another board discussing Grid.
The company is saying it didn't find the grades it hoped for near the big anomaly, but the holes were drilled on the outskirts, because they wanted to test the concept before doing the expensive road building needed to drill in the center of the anomaly. So now they will need to put in roads for drilling in the middle of it. Honestly, I would've preferred they spend our money on going straight to the heart of the matter in the first place.
This makes sense. But it also means this could be dead money until next drill results. On one hand that would suck but on the other it may present opportunity to pick up more cheap shares.
Not impressed with the drill results. Why?
In the past they said the following
The key results they need to see for success is for them to find
20-40 meters with 3 or more grams/ton palladium.
I did not see anything like that in the results.
Comments anyone?
Grid Metals Provides Update on Drilling at East Bull LakeToronto, Ontario, August 6th, 2020 –GridMetals Corp. (the "Company") (TSXV:GRDM) is pleased to provide an update on the ongoing 2020 diamond drilling program atits100% owned East Bull Lake ("EBL") palladium property (the "Property")in Ontario.Anomalous palladium grades wereintersected inboth of the targetareastested. The company is proceeding with follow up drilling on these new intersectionsand initial drilling at several othertarget areas on the Property, which islocated approximately 80 km west of Sudbury,Ontario. Highlights•Drilling intersectedpalladium mineralizationin two discrete geophysical targetslocated 800 meters apart;•At the Kidd target,hole EBL20-02 intersected a 21 metre interval averaging0.55 g/t Pd including 11.0 m of 0.86 g/t Pd, 0.25 g/t Pt and 0.03 g/t Au (1.14g/t combined Pd+Pt+Au) containing0.6m of 2.90 g/t Pd;•At the Feeder target, hole EBL20-05 intersected wide zones of anomalous palladium mineralization including 17.0m of 0.49 g/t Pd from 15.0m and 36.0m of 0.31g/t Pdfrom 67.0m containing a5.0m intersection of0.80 g/t Pd, 0.27 g/t Pt and 0.05 g/t Au (1.12 g/t combined Pd + Pt + Au). The highest value was 1.0m of 2.44 g/t Pd, 0.68 g/t Pt and 0.09 g/t Au. This mineralization is along the western edge of a large,near-surface geophysicalanomalydeveloped between three major structures;•Preliminary results have validatedthe effectiveness of the magnetotelluric survey (MT) method in detecting disseminated sulfide mineralization in gabbroic rocks on the EBL property; and,•Additional drill permits have been obtained to further test the Feeder target and complete initial drilling on newtargets in the next phaseof the program that is scheduled to commence before the end of this month.Dr. Dave Peck, the Company’s Vice President of Exploration and Business Development,stated “in the first five holes of the program two large prospective areas (one previously untested) have yielded significant palladium values. The new drillingresultsvalidate our selection of the MT survey method to map out zones of sulfide-bearing gabbroic rocks in the EBL intrusionto significant depths. They will be integratedwith other geochemical and geophysical data to vector towards more continuous and higher grade portions of the extensive magmatic sulfide mineralizationon the Property.”
Palladium on move. Grid has got to benefit any day now. The timing for NR on the recent drilling showing a 'Discovery' could cause this one to explode. HOPING
Congrats, Seek. I added a bunch back today.
Love it, you as well!
For sure, so glad I was watching it like a hawk and could take immediate advantage. Don't usually get that blessed. But I will take it. Great way to end the week. Have a good weekend.
Nice timing!!!
Great day for me here today. Was able to buy the dip at $.12 USD.
Seeker, Appreciate the info and insight! Good luck to us all
Full disclosure, I am putting faith in the current drilling and that it will confirm/show a major Palladium Discovery. If the drilling fail to do that then opps. But believe the MT study they used to select drill targets is why I have high confidence they will find huge resources.
News on this should come any day now.
Funny I bought both grid metals and braveheart this morning.
I don't know enough about braveheart to say it has more potential than Grid. What I expect for Grid is 'a lot'. And have much more money invested in it compared to Braveheart. In fact Grid is my largest $ holdings in my portfolio. So that says alot for it. Grids US price is really cheap today. That is why I bought more this morning. Thought I was done buying it but could not resist this price.
Got just a little grid metals here. Got fiogf and cgld. Got a manly her 5 K freed up and want to get into something. Would PM me, though I don’t have the capabilities to respond that way.
Seeker, More potential, grid metals or braveheart or something else?
Took advantage of this dip again this morning. Locked and loaded.
Good day for adding this holding. On sale IMO. drill results soon
Grid waking up nicely. Hope we are close to that 'Discovery' news we are awaiting. Could be any week now.
0 volume. ZZZZzzzz. Need another GIL to wake this up!
Grid is on sale and news should come out within couple of weeks so that is a good combination to make today's price a great price add or take a position.
Thanks. I'm taking a few off in FIOGF to replenish cash. Still holding a good chunk but it's getting close to a dollar so I'm taking some off the table.
Good for you. I was lamenting this morning that I have no cash or anything to sell to take advantage for this dip. But ratio wise I have enough of this one as is.
Just added a few. Haven't been adding because it keeps going down.
Little interest in this by market YET we should get some very significant drill results within a few weeks hopefully sooner. That potential news is why I am invested here. Going to be a good ride IMO.
Grid Metals’ Company Highlights
Grid is one of the few juniors with significant commodity exposure to both nickel and palladium which are crucial metals for the automotive industry.
Focused on the 100-percent owned* East Bull Lake Palladium property located in Sudbury, Ontario ( *subject to underlying Net Smelter Royalties).
A 2020 a geophysical survey covering a significant part of the property has generated new drill targets.
Exploration team led by Dave Peck, former VP of Exploration with North American Palladium who previously led nickel exploration globally for Anglo American Exploration group.
Development-stage Makwa-Mayville project provides exposure to nickel, copper, and PGMs with over $2.5 billion in in situ resources according to a 2014 PEA.
Makwa-Mayville project includes two open pit resources, the nickel-dominant Makwa deposit and the copper-dominant Mayville deposit.
https://investingnews.com/company-profiles/grid-metals-tsxv:grdm/
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Symbol | TSX.V: GRDM |
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Shares outstanding | 77.9 million |
Warrants | 27.7 milion |
Options | 4.6 million |
Fully diluted | 110.3 million |
Robin Dunbar, President
e-mail: rd@gridmetalscorp.com
David Black, Investor Relations
e-mail: info@gridmetalscorp.com
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