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Galiano Gold Inc T.GAU

Alternate Symbol(s):  GAU

Galiano Gold Inc. is a Canada-based company, which operates and manages the Asanko Gold Mine, which is located in Ghana, West Africa, and jointly owned with Gold Fields Ltd. The Asanko Gold Mine is a multi-deposit complex, with four main open-pit mining areas: Abore, Miradani North, Nkran and Esaase, and multiple satellite deposits, situated on the Asankrangwa Gold Belt, and a five metric tons per annum (Mtpa) carbon-in-leach processing plant. The Asanko Gold Mine holds the land package within the belt, with approximately 21,000 hectares of tenure on this prospective and under-explored portion of central Ghana. The Nkran deposit is located within the Kumasi Basin on the Asankrangwa gold belt. The Nkran deposit is located on a jog along the regional Nkran Shear, which is a zone of about 15 kilometers in width. The Asankrangwa gold belt is located within the Kumasi basin. Its subsidiaries are Galiano Gold South Africa (PTY) Ltd and Galiano International (Isle of Man) Limited and others.


TSX:GAU - Post by User

Bullboard Posts
Comment by steve97on Sep 05, 2009 12:38pm
218 Views
Post# 16281708

RE: Gold toys with $1,000/oz

RE: Gold toys with $1,000/ozGold has always had a tough time breaking and staying above that $1000 barrier that is for sure.  What I love about this play is the low float, and the fact that they can expand on the 3.5moz, plus the re- assay to figure out this course gold issue, which can also help the grades.   This stock can easily be $10 - that is a market cap of only 360 million.  For a resource that can maybe be 4moz+ easily and it sits at $4.  If Gold can break $1000 and stay above that watershed mark, then it will only help. 
 
Bpultra - At what stage do you think / or what time frame - do you see this play being given an offer?   Does KGN have any designs on seeing this thru to production ?   TIA.....
Bullboard Posts