GSTM is a bit too small to be on our radar. Even with a 139% gain this year, market cap is barely $21M. Eric owns 12%, but Mr. Sprott owns dozens and dozens of companies. The company has little cash, no revenue, losses and negative cash flow. Its flagship projects, the Crown and Electrum properties, are located in the prospective Golden Triangle region of British Columbia. Both projects together cover over 16,000 hectares, directly adjacent to world-class deposits such as Seabridge Gold’s KSM and Newmont’s Brucejack mines. The Crown Project is Goldstorm’s primary asset, consisting of several contiguous concessions covering the southern portion of a prolific gold-copper belt.
While not without potential, we would consider the stock far too risky for general endorsement.