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Golconda Gold Ltd V.GG

Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a gold producer and explorer with mining operations and exploration tenements in South Africa and the United States. Its principal business activities are the exploration, development, and operation of gold mining properties. It operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing 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 Mauritius and South Africa; and a mine and processing infrastructure located in the United States of America (the Summit Property). Its Galaxy gold property is situated about 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 58.6 square kilometers and is part of the Barberton Greenstone Belt.


TSXV:GG - Post by User

Comment by fatman2442on Jul 06, 2020 1:06pm
84 Views
Post# 31229401

RE:RE:RE:RE:Where is the news?

RE:RE:RE:RE:Where is the news?lots of trading today at .14 -- almost like cross trades and the volume is over 500k which is 5x the norm.  

I really hope the volume more than anything hangs around and continues to grow.  Gold is sniffing 1800, at current production each 100 increase in gold price is about 3million PROFIT.  So since I first heard Mr Brodie and mr. Sood mention that we are at $250 higher price of gold because it was hanging around 1500 at the time.  that's 7.5 million more rev's (barring covid) purely on the price of gold alone at the same run-rate.  Increase the mining and gold recovered and obviously it would be much more.  

With a market cap this low, based on the assets and increasing price of gold it becomes a steal.  The only thing left (which is hard and requires some luck) is broader appeal/interest/volume. 

This thing could already be trading over .35 (or more) if that was the case.
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