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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district exploration property (Los Ricos), which includes two projects approximately 25 kilometers apart - Los Ricos South (LRS) and Los Ricos North (LRN), which are located in the state of Jalisco, Mexico. The Parral tailings Project is within the town limits of Hidalgo del Parral, in the State of Chihuahua, Mexico, which covers approximately 141 ha. The Los Ricos property is made up of 45 concessions and covers over 25,000 hectares, which is located roughly 100 km northwest of the city of Guadalajara and is easily accessible by paved road.


TSX:GGD - Post by User

Bullboard Posts
Comment by ValuKingon Jul 10, 2017 9:17am
160 Views
Post# 26450114

RE:long time lurker , first time poster here.

RE:long time lurker , first time poster here.Hi risky. I am a first time poster here too. Have been following the stock for a while and buying on weakness. The company looks really cheap and misunderstood. The production issues that plagued it last year have seemingly been resolved. This is a low cost producer that has a growing production base and is already profitable and cash flow positive. I think it is a great buying opportunity and can not provide a sensible bear case. As the company shows continued production growth it is my belief (and hope) the market revalues the stock at a higher multiple, which makes complete sense. I have reviewed all disclosures multiple times and truly believe the stock is deeply mispriced. Markets always wake up to great value opportunities, and this is one of them.
Bullboard Posts