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Golconda Gold Ltd 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 Stoploss1on Apr 01, 2009 8:03am
492 Views
Post# 15886930

RE: This is No joke.

RE: This is No joke.The upward potential for Garson is unreal.  Over the past years, the gold plant was in operation and profitable when the gold price was less than $350 per oz.  Operational cost has undoubtedly increased at bit but it still realistic to operate the plant and make a profit when the gold prices are in the range of $600 per oz..   So it don't that much of an imagination to figure out the math, especially when the gold price is at $900 per oz.  Gold is predicted to range between $1000 to $2000 over the next few years which makes restarting plant operation basically risk free.  The feasibility study, which will soon be released, will determine all factors which will make operating the plant profitable;  factors like min gold price, min production rate,  cost of rehabilitation, etc.
Bullboard Posts