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Golconda Gold Ltd GG


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

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

Bullboard Posts
Comment by rob2000on Oct 24, 2008 11:39am
317 Views
Post# 15545894

Rabbithole you have just displayed your ignorance

Rabbithole you have just displayed your ignoranceA 1/4 oz gold coin in Zimbabwe is worth about $180 usd or $225 cdn or billions in their local currency. Anyone who traded their local currency for gold before the hyperinflation would be sitting very pretty.   Thanks for making the point for the goldbugs.  Gold retains its value and will soon be flying again.  When the USD begins its slide again watch how gold goes up.  Also for your info,  in cdn dollars gold has maintained its value.
Bullboard Posts