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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa) through subsidiaries located in South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Comment by jeffz2on Jan 21, 2009 8:24am
320 Views
Post# 15717844

RE: A must read!

RE: A must read!Tootall123, can you paste a link to this article, I was unable to find it, but found some other good reading while searching. Particularly one report outlining why the Chinese will let the US$ collapse to save their yuen. That alone was a fascinating read as general consensus seems to be that is about the only thing keeping the US$ alive, meaning the Chinese et al, who are currently protecting their reserves (of course in US$) from evaporating. I will try to locate this article and post. Again, great read in terms of explaining the circumstances for 2009 that will eventually force the Chinese to choose between the us$ and their own hides (the yuen), and naturally it seems obvious which way they will go.
Bullboard Posts

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