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Golconda Gold Ltd V.GG

Alternate Symbol(s):  GGGOF

Metals & Mining Gold
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

Golconda Gold Ltd
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Post by austrochrison Apr 29, 2021 2:24pm
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Post# 33094674

great outlook for galane gold - price target 1,65 cad !

great outlook for galane gold - price target 1,65 cad !With all three mines in production galane will make 100 Million US Dollar free cash flow ( current gold - silver price ) / year . 360 Million shares - about 33 canddollarcent / share - cashflow - conservative shareprice 1,65 cad ( 4x cashflow )- normal shareprice 2,6 Dollar ( 8xcashflow ) / share .

( own research )
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