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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Metals & Mining Gold
Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold 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 South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately 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 approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Golconda Gold Ltd
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Comment by vraimanton Feb 15, 2006 11:25pm
337 Views
Post# 10369370

Well that explains it!

Well that explains it!All this goood news, increased reserves, lower production costs, much higher sales volume...... and a reasonable P/E ....of course....that would explain why the share price is declining! LOL This appears to be the gold miner of choice to accumulate at these levels. Appears to be a no brainer if all the information is true. A 12 month target of $54 is what I am anticipating IMO. Good luck to all!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities