StockGuru Blog Live from ValueRich in Miami: General Metals in Very Good Company
StockGuru Profile - General Metals - GNLMThe best place to find a gold mine, the old saw goes, is next to a gold mine. And that’s where you will find the Wilson-Independence mine, which sits as an island in Newmont Mining Corporation’s Phoenix mine in Battle Mountain- Cortez gold belt of Northern, Nevada. Newmont’s Phoenix shipped its first gold ahead of schedule in March and eventually will produce about 350,000 ounces a year. General Metal’s discussions with potential equity funding groups for Phase 1 financing have the potential to be very productive, although no definitive terms have been agreed to…