Gold Developer Uncovers Massive Gold Resource in Ontario
*In a January 13 report, Technical Analyst Clive Maund described Goldshore Resources Inc.’s Moss Gold Project in Ontario as a large-scale gold asset with strong potential for district-wide development. He cited the project’s access to major infrastructure—including highways and hydroelectric power—as strategic benefits supporting its advancement. Maund noted that the proposed high-grade starter pit was expected to generate early cash flow, helping to fund ongoing development. He also highlighted that the deposit remained open for expansion and that favorable metallurgical recoveries added to the project’s long-term prospects.
Maund also addressed the company’s equity structure and trading history. As of February 11, Goldshore had approximately 330.7 million shares outstanding, with over 56% held by insiders, management, institutions, and strategic investors. Specifically, retail investors accounted for 43.6% of the shareholder base, followed by strategic investors at 35%, institutions at 15%, and insiders and management holding 6.4%, according to company data. Maund viewed this concentration of ownership as a sign of aligned interests and long-term confidence in the company. Maund suggested this positioning, along with strengthening fundamentals in the broader gold sector, could offer further upside potential.
Source: https://www.streetwisereports.com/article/2025/04/04/gold-developer-uncovers-massive-gold-resource-in-ontario.html
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