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Gold Mountain Mining: Don't Chase The Stock Here

Taylor Dart profile picture
Taylor Dart


  • Gold Mountain Mining is one of the top-performing gold stocks this year, up more than 250% in the past four months.
  • The company is working towards making the leap from explorer to producer, with a toll-milling agreement in place with New Gold, and plans for a mill on-site long term.
  • However, at a current market cap of ~$161 million on a fully-diluted basis, the stock is no longer cheap, trading at 0.9x NPV based on a preliminary study.
  • While the stock could go higher based on momentum, I don't see a favorable reward to risk proposition chasing the stock here at US$2.22.

Equipment in place of gold exploration
Photo by Leonid Eremeychuk/iStock via Getty Images

It's been a tough start to the year for most gold juniors, with more than 70% trading below their 200-day moving averages and many down as much as 40% year-to-date. One name that's managed to buck the

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Taylor Dart profile picture
"A bull market is when you check your stocks every day to see how much they went up. A bear market is when you don't bother to look anymore."- John Hammerslough You can access more in-depth research, my current portfolios, my top-12 miner rankings, and new positions I am entering/exiting, plus proprietary sentiment indicators for gold miners in my newsletter below. Returns Link: https://imgur.com/a/6fcWjD6Subscription LinksMonthly: https://buy.stripe.com/7sI14d4b92vFdUc15cAnnual: https://buy.stripe.com/4gw28h0YXeen7vObJP - Disclosure: I am not a financial advisor. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading or investing.

Analyst’s Disclosure: I am/we are long GLD, NGD. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: Taylor Dart is not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Taylor Dart expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (9)

Hi Taylor,

I liked your analysis. What is your take on this stock now (December 3, 2021)?
Thanks for the article but read your article too late, just jumped on it recently, now the price is down 30%
This one was making the rounds on the paid advertisement YouTube channels and usually those don’t pan out which made me weary to jump in though the story sounded great. A couple of such names in that paid YouTube category would be Winston Gold and Blue Lagoon if anyone cares to comment on those ?
Taylor Dart profile picture
Not familiar with either, but I would generally avoid anything under $50MM, the success rate is very low on these companies and you often get much weaker management teams/business models.
Thanks for the write-up.

I had a look at this company over the weekend and liked the strategy of this team to generate cash quicker.
Taylor Dart profile picture
Hi Bundubus,

Thanks. It's a good strategy, just don't think it's that cheap here.
Chris Guenther profile picture
I have been looking at this one, I did not jump on it right out of the gate and it got away really quickly. Maybe it will have a nice selloff and allow for a gentleman's entry in the next few weeks. Thanks for the write-up TD! Good analysis as always.
Taylor Dart profile picture
Hi Chris,

Always nice to hear from you & thank you. No prob!
kiki089 profile picture
@Chris Guenther How is the selloff going ?
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