With the current economic conditions and the current situation in Ukraine, I’m personally holding a significant chunk of my assets in inflation hedged assets - and this company is a part of that strategy for me. It currently represents close to 10% of my stock portfolio as of right now. The company is Gold Mountain Mining, ticker symbol GMTNF on the OTC, and GMTN on the TSX.
New Gold (NYSE:NGD) (TSX:NGD) is a 1.3B company that is a major player. The OPA states that all GMTN has to do is take their ore out of the ground and ship it to New Afton (133km). Once that ore is received by New Afton they will pay GMTN based on spot price with a 89%(GMTN) and 11% (New Gold) payable.
Gold Mountain Mining's focus is on using existing infrastructure to get into production and lower capital expenditure so the business has strong FCF (free cash flow). Quite an intriguing and different business model overall and why I like this unorthodox play here.
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Disclaimer: I am not a financial advisor and nothing in this video should be taken as financial advice. This video is solely for entertainment purposes. Research and information shared in this video should be taken as exactly that, and no investment decision should be made by any party watching this video.
Until next time, take care and invest smart!
Jay
#GoldMountainInterview #GoldInvesting #HowtoHedgeInflation #JuniorMiner #Mining #stocks #investing #inflation
