...GL Energy and Exploration, Inc. is a development stage mining exploration company. Currently, they own a 60% ownership stake in 2 Chilean mining properties covering an area of over 12 square miles, jointly referred to as the “La Barca-Choapa Project.” These properties have already proven to have extensive deposits of gold, titanium, rutile, zircon, magnetite, ilmenite, nickel and others.
We like GEEX at current levels, because it appears the stock is extremely undervalued due in part to its projected revenues as well as other technical factors. It is reasonable to expect that this stock could test previous levels over the intermediate-term near that were seen last fall around $3.00-$4.00 area. This will be contingent on the Company securing adequate financing for production...
from analyst's report at:
glmining.com |
