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It’s great to see Ape back in! Don’t let him down Galway! $GWM
$GWM.v - GALWAY METALS
Ok, it’s time to get back in.
I left $GWM in no man’s land for a while with a 1.5 to 2% position, but today I doubled it as we are approaching the updated MRE.
This is the last chance I give $GWM, and this should be the kicker that finally gets it going.
I’ve studied every news release since their last MRE in 2022. If the updated one delivers what I expect after reading all the drill results since then, this stock should surprise and #POP to the upside.
The key for me is that since the 2022 MRE they have delivered a long list of strong drill results from Southwest, South and North, meaning this update should not just be about adding ounces, but also about proving that Clarence Stream is becoming a much stronger and more advanced project.
The updated MRE is expected here in June, so it’s time to position while the entry is still attractive from a risk/reward standpoint, especially as #Gold looks like it is bottoming and heading higher in the coming weeks, unless the #Iran situation gets out of hand.
Now it’s simple: deliver the MRE, prove the growth, and let the market decide.
The 2022 MRE was at #GOLD $1650 - now it's $4500 and going higher, meanwhile they have probably added 1-2M ounces gold at great economic grades.
PS: See picture #2 for some drilling highlights the past 3 years.
I’m back in with around a 4% position right now. This MRE is their chance to re-rate. I dont want to miss it while they have a monster chart waiting for the catalys. See picture #3.
52 week high $1.01, now $0.61.
Soon: bigger resource, great grades, rising #Gold.
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May 28
Resource per ounce
✅ McFarlane Lake: ~4.18Moz gold resource at Juby
✅ 1.01Moz indicated at 0.98 g/t Au
✅ 3.17Moz inferred at 0.89 g/t Au
✅ At ~C$82M market cap, that is roughly C$20/oz on total resource
✅ Galway Metals: ~2.26Moz gold resource at Clarence Stream
✅ 0.92Moz indicated at 2.31 g/t Au
✅ 1.33Moz inferred at 2.60 g/t Au
✅ At ~C$80M market cap, that is roughly C$35/oz on total Clarence Stream resource
✅ But Galway’s ounces are much higher grade
Winner: McFarlane on raw ounces per dollar.
Quality adjustment: Galway wins on grade.
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May 21
I've started due diligence on Surge Battery Metals ($NILI.V) and taking a look at some Lithium comparables in Nevada.
News was announced into the close today that a strategic buyer had been found for a number of warrants, that will add an additional $7 million to the treasury.
The setup is starting to look too cheap to ignore, especially with the most recent financing completed at C$0.90 and the company having since released an upgraded Mineral Resource Estimate.
Credit to @RagingBuffaloX as well for highlighting the depth of the team behind the company.
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May 14
1) Galway Metals $GWM.V is one of the few junior gold names that has been in the doldrums, and still down 40% from their recent highs.
It has been a frustrating hold for Galway shareholders, but the setup now looks increasingly cheap on a fundamental basis and relative to peers.
What Galway currently has:
✅ ~C$83M market cap
✅ ~C$13M cash
✅ no debt
✅ ~C$70M enterprise value
✅ 2 Canadian assets
✅ Clarence Stream: 2.26Moz gold resource based on US$1,650/oz gold, with updated MRE expected Q2 2026
✅ Estrades: 2024 MRE, 2026 PEA with after-tax NPV (5%) of ~C$212M in the long-term toll-milling case and ~C$518M in the spot-price toll-milling case, plus DOWA agreement
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May 14
4) This is where the valuation disconnect becomes interesting.
Using peer comparisons, Galway’s implied valuation for Clarence Stream appears well below similar Canadian gold developers.
Peer EV/oz (Total Resource):
✅ Maple Gold: ~US$29/oz
✅ Mayfair Gold: ~US$40/oz
✅ White Gold: ~US$100/oz
✅ Peer Average: ~US$56/oz
Lets place some value on Estrades.
Even assigning Estrades just 20% of Galway’s net share of the PEA NPV implies:
✅ Estrades value: ~C$23.3M
✅ Clarence Stream EV/oz M&I: ~US$37/oz
✅ Clarence Stream EV/oz Total: ~US$13/oz
Meanwhile:
✅ Maple Gold: up ~254% over the last year
✅ White Gold: up ~494% over the last year
✅ Galway Metals: up only ~69%
And Galway still has its updated Clarence Stream MRE ahead after ~70,000m of drilling and an adjusted gold price.
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May 14
5) The next 6–12 months are what matter.
Key catalysts ahead for $GWM.V:
✅ Updated Clarence Stream MRE (Q2 2026)
✅ Ongoing drill results across multiple zones
✅ Potential ounce growth inferred conversion
✅ Clarence Stream PEA in 2026
✅ Estrades advancement funded by DOWA
✅ Rising awareness around antimony in North America
So why has Galway lagged peers so badly?
❌ New Brunswick jurisdiction discount
❌ No current producing mines in the province
❌ Limited market awareness and promotion
❌ No dedicated corporate development role listed
❌ Market still assigning limited value to Estrades
❌ Resource update still pending while peers already re-rated
That combination has created what I believe is one of the more interesting valuation disconnects in the junior gold space today.
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May 12
Had the chance to sit down with @MeridianMining CEO Gilbert Clark to discuss Cabaçal, the LSE listing, the upcoming DFS, permitting in Brazil, and what comes next.
Resource Insider members first got into Meridian in Dec 2020 at C$0.20, with a half warrant at C$0.30.
Since then, Meridian has significantly outperformed the Global X Copper Miners ETF.
Copper, gold, cash, catalysts, and a DFS underway.
Solid setup.
May 12
Sometimes in life, you have to make sacrifices.
With @MeridianMining ($MNO), you may not have to.
Cabaçal, Meridian’s flagship project with a completed PFS, offers exposure to copper, gold, and a touch of silver. The project’s economics are driven roughly 60% by copper ($copper) and 40% by gold ($gold).
That’s a solid blend of metals in the current environment.
The PFS shows a post-tax NPV5% of over US$2.2B in its highest sensitivity case, using US$4,000/oz gold and US$6.00/lb copper.
For context, Meridian’s market cap is roughly C$950M.
With a Definitive Feasibility Study underway, over C$100M in the bank, and a recent London listing, Meridian is entering an important stretch.
I sat down with CEO Gilbert Clark to discuss the LSE listing, Cabaçal’s progress, Meridian’s cash position, the upcoming DFS, permitting in Brazil, and the catalysts ahead.
Watch the full interview here:
youtube.com/watch?v=UwwZoaBC…
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Apr 23
$LIT.V's US$100M agreement with Lanshen is structured across three development stages:
✅ Stage 1: Cross-border testing of Argentina Lithium’s brine in Chile to support a pre-feasibility study
Timeline: ~6 months, subject to permits in progress
✅ Stage 2: Advance to a definitive feasibility study (DFS)
Timeline: within 12 months of Stage 1 completion
✅ Stage 3: Construction of a 5,000 tpa battery-grade lithium carbonate facility
Timeline: within 12 months of Stage 2 completion
For the full 15 minute interview, watch below.
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Apr 14
All-time highs finally hit again today.
The Guardian doesn’t see any drawdowns ahead.
Yeah… I’m thinking I'm back.
$gold $juniors $LFG
Feb 27
All time highs hit again today. Some of my core positions such as $BTG and $SMCI keep pushing me higher. I also have my side plays such as $EQTY, $PER.
Once $GWM moves, the guardian will be heading to the moon.
It's been a slog, but I can safely say: I'm Back! $gold $miners
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Trying to convince everyone I know to buy $FRED.V
Been an advocate from C$0.42.
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Had a great conversation with the CEO of Fredonia Mining $FRED.V.
One key takeaway: Fredonia is not an exploration company but a development-stage project advancing toward a Pre-Economic Assessment (PEA).
Don’t take my word for it. Listen to the clip below.
With just a C$36M valuation and 2.25 Moz AuEq already defined, the current pricing may not last long.
For context, Q-Gold Resources $QGR.V jumped 100% in a single day after releasing its PEA.
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$Fred.v is starting to move, and the orderbook shows little upside resistance.
$23,890 in live sell orders up to 0.71.
A few big orders and we smash through this.
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