Golden Valley Mines (OTCQB:GLVMF)
Featured In: July 2018
Average Cost per Share: C$0.27
Current Market Price (Feb 12, 2019): C$0.34
Golden Valley Mines was the featured investment in our most recent semi-annual letter. The partnership has owned GZZ shares since April 2016. Over the past 6 months, we’ve lowered our cost basis to C$0.27 per share. Golden Valley remains a compelling deep value opportunity with the company valued at a substantial discount to its cash and marketable securities.
The majority of the value inherent in GZZ comes from company’s 44.7% equity stake in