BB's Stock Haven

[geodan]

$GFGSF 20BaggerManagement(Claude),Best Risk/Reward Ever?

Has anyone here heard of In-Situ gold mining? GFG is going to mine their Rattlesnake Hills mine with 600,000 to 1,000,000 oz of gold In-Situ, pump it out of Earth like oil. Same team as ran Claude Resources which I got a 20 bagger on. Brian Skanderbeg and Marc Lepage. They sold Claude for over $300 million to SSR Mining.

This may be biggest thing in gold mining if works: no pit no mine no trucks no mill no miners. I think ASIC could be $300-$500 an oz. Not proven yet but in 12-16 months they will do first 5 well test there (deadline 18 months). Lab column tests this summer. GFG has over 100,000 meters of cores there at a cost of $40 million to drill it. Group 11 gets that to test on, the 100km of cores immediately, that is part of reason they gave GFG such a great deal. Other reason is Group 11 CEO knows the deposit and thinks perfect place to try In-Situ gold mining because below water table, oxidized in upper levels and Wyoming is best place in world to get In-Situ permits, In-Situ U mines common in WY. It works in lab on mine concentrates better and faster than cyanide to remove gold.

Been buying it.

Here is video with bunch of experts on the deal. 30% carried interest, so GFGSF or GFG.v TSX, has no costs, no risk, and gets big hunk of the ISR mining company Group 11 that will run it. And cash. Here is excellent 1 hour video with key players. This has been out for weeks, the market has not noticed because GFG is way below the radar.

Here is deal:
Under the terms of the Agreement, Group 11 has a right to earn 70% interest in the Project over a period of up to seven and a half years by:

Spending a minimum of US$9.5 million in Expenditures.

Paying 100% of holding and maintenance costs related to the Project.

Covering all Expenditures to advance the Project into commercial production.

Making staged equity payments to GFG of Group 11 common stock of up to 9.9% of Group 11’s common shares issued and outstanding on a fully-diluted basis.

Making a cash payment of US $7.5 million.

https://www.gfgresources.com/home/default.aspx

And market cap of GFGSF, about $15 million. If In-Situ works they could make $100 million profits on this with no investment. The co-inventor of In-Situ mining (Uranium) is part of the team that is going to try it. Today 48% of U is produced In-Situ.

The leaching solution is safe enough to drink, Iodine/iodate, and works at room temp.

If fails think will drop 25%, if succeeds go up 20 times. Like the risk reward. Maybe best Risk/Reward have ever seen.

Cheers