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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

Post by MinerPlayon Jul 05, 2016 8:27pm
349 Views
Post# 25025511

Best gold mine investment IMO

Best gold mine investment IMO
Successful hedge fund manager Paul Singer (Elliott Management) just owns one gold mining company.  Hints:  It has high-grade gold that will be mined with an open-pit.  It is producing underground now at it's main project but will soon get construction financing to build an open-pit mine.  It has multiple nearby exploration projects that are also high-grade gold.  The main project is in a mining town that has supported mining for many years and are excited about the upcoming construction.  It is fully permitted and the government is very supportive.   

It is Avnel Gold - AVK on the TSX.  It's a producer, a near-term producer, and an explorer in one.  It may be the most undervalued gold mining stock there is.  Check out the presentation at https://avnelgold.com/investor/investor-presentation/
 

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