Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by ABDPhilon Jun 08, 2022 8:16pm
191 Views
Post# 34742129

RE:initial resource

RE:initial resource
These estimates are disappointing for those who wish to make 200% yield in 1 year or who are unaware of the effort required to demonstrate new resources. It takes time and a lot of money.
 
Considering that ~2,900,000 shares were traded at 30 cents or less and a purchase of ~10,000 shares in the last minute was enough to raise 4 cents, I consider this close a bullshit trap.
 
If ROS does not discover new areas with higher grades, I believe it will be difficult to justify such market capitalization for much longer. Otherwise, the capitalization could remain as it is but the issue of shares issued to finance the next works will put pressure on the SP.
 
Regarding the potential for expansion, we usually talk about it because there is nothing else interesting to say. Overall, this project is interesting but not exceptional.
<< Previous
Bullboard Posts
Next >>