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Roscan Gold Corp V.ROS

Alternate Symbol(s):  RCGCF

Roscan Gold Corporation is a Canada-based gold exploration stage company. The Company is focused on expanding its resource footprint in West Africa. The Company has assembled a significant land position in the prolific gold prospective Birimian rocks of west Mali. Its Kandiole Project consists of its exploration properties located in West Mali. Kandiole Project is comprised of approximately nine contiguous gold prospective permits, encompassing approximately 402 square kilometers, located within the Kenieba Cercle, an administrative sub-area of the Kayes Region, approximately 400 kilometers west of Bamako, the capital of Mali in West Africa.


TSXV:ROS - Post by User

Bullboard Posts
Comment by louelon Mar 23, 2020 5:50pm
120 Views
Post# 30839463

RE:ROS relative performance

RE:ROS relative performanceYou say it is holding up well.   I would expect it should.   It had already tumbled.  The consolidation bottom was only 8 cents above "0"    any decent results should make it jump a bit.  However it is like all others subject to the virus comming under control.      That may be another month or two yet.    
   So far Mali seems to have no reported cases.   However all surrounding countries it is festering.   So quite likley only a matter of time.or they have not been testing and reporting. 

  Next if the economy springs back as suggested it will any gold investment funding generally is deverted to consumer oriented non discrectonairy stocks  which produce quick returns.  Vacations,   Airlines recreational among other feel good securities.  As people reward themselves after being penned up in self isolation.    
 
  I would suggest,  The latest 3.18 GPT is not really that stellar.    Where they still do not have what qualifies as a deposit or resource.     If a resource was already in place adding those additional grades and lengths could be viewed quite differently.  
 
  It is my understanding drilling has been ongoing.    If so are they only reporting the better grades ?    Holes with very low grades do not produce a material change for reporting.   But to an investor knowing how many failed and their cost can make a great difference in assessing the potential of the project becomming a minable resource.

   Think I'll just leave it in the watch list a bit longer.

    
Bullboard Posts