Galiano Gold Inc T.GAU

Alternate Symbol(s): GAU

Metals & Mining Gold

Galiano Gold Inc. is a Canada-based company, which owns the Asanko Gold Mine, which is located in Ghana, West Africa. The Asanko Gold Mine is a multi-deposit complex, with four main open-pit mining areas: Abore, Miradani North, Nkran and Esaase, and multiple satellite deposits, situated on the Asankrangwa Gold Belt, and a 5.8 metric tons per annum carbon-in-leach processing plant. The Asanko Gold Mine holds the land package within the belt, with over 21,000 hectares of tenure on this prospective and under-explored portion of central Ghana. The Abore is located along the haulage road between Obotan and Esaase, over 15 kilometers north of the mill. Miradani North is designed to be mined in two phases to help advance the high-grade ore and manage relocation costs associated with the Tontokrom village to the south. The Asankrangwa gold belt is located within the Kumasi basin. Its subsidiaries are Galiano Gold South Africa (PTY) Ltd, Galiano International (Isle of Man) Limited and others.

TSX:GAU - Post by User

Galiano Gold Inc

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Comment by Laci333on Aug 12, 2017 12:10am

367 Views

Post# 26573817

RE:Asanko Gold (AKG) - *On SALE $1.18 Less then Book Value

Sorry made a small error on the book value per share which should be:

Shareholders Equity (Book Value): $431.323 Million

Shares Fully Diluted: 208,283,172
Current Share Price($CND): $1.18

Market Capital: $245.774 Million

Book Value/Share: $2.07 (431,323,000/208,283,172) and not 1.75

So share price would have to increase by 75% to trade at $2.07 (1.18 X1.75)

So that's like paying 57 cents and receiving $1 of value a serious discount.

Laci333

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