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GFG Resources Inc
Symbol GFG
Shares Issued 109,207,016
Close 2020-03-13 C$ 0.085
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Taylor says buy GFG Resources

2020-03-13 20:23 ET - In the News

Jay Taylor, in the Feb. 17, 2020, edition of Gold, Energy & Tech Stocks, says buy GFG Resources Inc., recently 16 cents. Mr. Taylor said buy for the first time on May 16, 2019, at 23.5 cents. A $1,000 investment then is now worth $680. GFG is a gold explorer in Wyoming and Ontario. Its stock fell sharply in January after it released disappointing drill results from its Rattlesnake property in Wyoming, including 57.7 metres of 0.55 gram per tonne gold. The market was hoping for much higher grades. In Mr. Taylor's view, the real question is how Newcrest Mining feels about the drill results, given that Newcrest holds an option to acquire a majority interest in the property. "I think the jury is out on that," opines Mr. Taylor, adding that he personally still has faith in Rattlesnake. Next Mr. Taylor turns his attention to GFG's other projects, including the Pen property in Ontario, where "things are looking pretty good" as GFG moves forward with a 4,000-metre drill program. Mr. Taylor concludes that investors who exited this stock during the January sell-off may regret their decision. To him, GFG remains a buy.

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