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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

GoGold Resources Inc. is a Canada-based silver and gold producer. The principal business of the Company is the exploration, development, and production of silver, gold and copper primarily in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company’s properties include Los Ricos and Parral tailings. The Los Ricos property is situated in Jalisco state, Mexico. The property is comprised of over 42 concessions, covering over 22,000 hectares (ha). The property is located approximately 100 kilometers (kms) northwest of the city of Gaudalajara. The property is split into two projects, the Los Ricos South project and the Los Ricos North project, which are approximately 25km apart. The Parral tailings Project is within the town limits of Hidalgo del Parral, in the State of Chihuahua, Mexico, which covers approximately 141 ha.


TSX:GGD - Post by User

Comment by casheron Jun 24, 2020 7:20am
200 Views
Post# 31184589

RE:RE:RE:RE:RE:Another new high

RE:RE:RE:RE:RE:Another new highThere hasn't been many junior M&A activity as of late to use as bench mark.
Based on the current price of gold and the fact that Los Ricos is fairly shallow depth mineralization ( that can be open pitted (lower cost of production) we should be looking at $300+ per ounce of gold in the ground.

so $600-900 million for 2-3 million ounces and this does not include the value from parral.

GGD could be $3-5 under this scenario and let's not forget the bull case for gold/silver which are expecting much higher prices for these precious metals in the coming years.

GLTA
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