While Greatland Gold has significant potential, the share price is based too much on speculation, and this renders the stock too much of a risk for me!
With no debt, and cash of nearly $300m, I can certainly see the company thriving over the next few years…as long as the price of gold remains high.
But with the company in a healthy situation, and with the price of gold still rising, many believe that there is still significant potential upside to the stock.
With the current share price at 14p, this may indicate that the Greatland Gold share price is now too high.
Investors who bought Greatland Gold (LSE: GGP) shares at the start of year would have seen them rise 681% by now.