DISCOVERY FUND out of EUROPE just posted this on GOCO
Discovery Fund just bought 1.8 million shares last few trading days with Morgan Stanley
@discoveries After doing some more research on the GOCO discovery I dare to say the only thing missing in an Ovoid type chamber of massive sulphides ?? .. all the rest is looking fairly similar to the early Voisey Bay results. The only difference, GoMetals is finding mineralized zones over a 3x6 km area, while the initial prospective VB zones were much smaller. Even more impressive, almost ALL prospectives zones (conductors) have already been proven to be mineralized with sulphides, starting almost always from outcropping zones from surface. This is an incredible large and strong system imho. Assays will probably confirm the initial grab sample results, so up to 4% copper and 2% nickel. The initial VB grab results were up to 6% Cu and 3% Ni. Mineralisation at VB is connected to Pyrrhotite, pentlandite and chalcopyrite, all present in the $GOCO system as well. As said the only thing missing, is a massive sulphide core a la the Ovoid (the richest and most valuable part of course). However given the massive size and strength of this system it might be somewhere. It was found at VB only 1 year after the initial discovery. Still can’t believe the risk/reward situation here .. market cap this less then 20 mln. Remember VB was sold for almost $4 bln in 1996. In today’s money 10bln+. GoMetals has much more good infrastructure relatively nearby. Railway 50km away, while power is relatively nearby as well. Succes is NOT guaranteed, however this is the single most intriguing 2023 discovery in our portfolio. So, yes we are #long 3 from @discoveries, 23 minutes ago
"these posts are not of a licensed investment advisor or analyst nor does he give out buy, sell or hold advice to anyone"
