Goldshore Resources Inc. (TSXV: GSHR;OTCQB: GSHRF ;FWB: 8X00) has put in a splendid performance in the two months since it was recommended for purchase early in February, more than doubling in price, and the good news is that even though it is entitled to consolidate here and perhaps react back some after its latest upleg, long-term charts suggest that it is eventually headed much higher against the background of an accelerating sector bullmarket.
Before reviewing the latest charts, it is worth looking at the following tables again.
This "Trading Comparables" table makes Goldshore look exceedingly attractive when placed alongside its peers.
Similarly, the following table shows the very low value currently being placed by the market on Goldshore's mineral resources.
These tables certainly make Goldshore look very attractive indeed.
The latest 3-month chart shows the big gain since we last looked at it.
And the 4-year chart below puts recent gains into perspective, making clear that Goldshore's bullmarket is just getting started and that it has much more upside potential from here.
We stay long, and positions may be added to or new purchases made following possible near-term consolidation or minor reaction.
Goldshore Resources Inc. (TSXV: GSHR;OTCQB: GSHRF ;FWB: 8X00) was trading at CA$0.215, $0.16 at 12 noon EST on April 3, 2024.
| Want to be the first to know about interesting Gold investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. | Subscribe |
