Garabaldi down 2%? Is there something wrong with this picture or is GGIFF just continuing to get further and further under valued???
Quoted from Dec. 28th 2010:
"As of GGI's latest public disclosure, the company owns 4,662,300 shares of Paramount Gold (PZG). PZG has been one of the best performing exploration plays on the AMEX during the recent weeks and closed Tuesday at $3.85 per share. GGI's shares in PZG are now worth $17.95 million.
GGI has 50.56 million shares outstanding and a market cap at $0.295 of $14.92 million. This means GGI is being valued at LESS than the value of their shares of PZG! In order words, GGI's seven district scale properties covering more than 2,000 square kilometres are being valued by the market at LESS THAN ZERO!"