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TomaGold Corp V.LOT

Alternate Symbol(s):  TOGOF

TomaGold Corporation is a Canadian mineral exploration company. The Company is engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its projects include Obalski, Star Lake, Brisk Extension, Monster Lake East, Monster Lake West, Hazeur, Lac Doda and Baird. The Obalski property consists of 74 claims covering an area of 2,740 hectares (ha) or 27 square kilometers (km2), located approximately two kilometers (km) south of Chibougamau, Quebec, in the heart of the Chibougamau mining camp. It holds a 100% interest in 214 claims (Star Lake property) over an area of 10,906 ha, the land position in the sector. It holds a 100% interest in 107 claims (Brisk Extension) covering a total area of 5,487 hectares (or 55 km2). The Monster Lake East property consists of 105 mineral claims covering an area of 5,867 hectares and located directly to the east of the Monster Lake property.


TSXV:LOT - Post by User

Bullboard Posts
Post by garmin1on May 06, 2015 12:10am
131 Views
Post# 23698125

My take.

My take.
Drilling success during the winter of 2013 was absolutely remarkable. Unfortunately, while Tomagold was putting out those high grade press releases, gold price was getting absolutely hammered day after day during the spring of 2013. Fact remains though, we have a hell of a moon shot possibly coiled up in this stock, and somewhat thankfully, the extreme depressed valuations in these gold equities make this prospect shine all the better. I'm pretty sure if this was 2005/2006, or 2010/2011 and you wanted exposure to this play you would have to pay up to many multiples of what it is today. Fifty kilometers from Chibougamau, road access, cheap hydro on the property, IMG funding.
Bullboard Posts