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Galiano Gold Inc T.GAU

Alternate Symbol(s):  GAU

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

Bullboard Posts
Post by Duediligence33on Feb 13, 2018 9:13pm
169 Views
Post# 27554832

Bright future for AKG

Bright future for AKGLast year the risks very more at $ 6.00 so now with improved plant function with new motors that caused a 10 day hiatus n August should add to the 200,000 oz production. Last year the GOLD.price was substantially less and drilling at Miradani not yet done. Soon we get new resource estimate from Miradani and increased quarterly production and financing for the Essasse mother lode. The market cap now is not even 200 million USD yet with book value double that. Many junior exploration companies have higher market cap with NO production and little cash on hand. Asanko is grossly undervalued as Jim Huang has discovered and a $ 4.00 purchase by Newmont of 800 million market cap is acceptable to me and probably to Donald Smith $ 1.80 price and for Zijin $ 1.07 price. Alternatively Peter Breeze could go it alone with Red Kite money to make the 400,000 oz production from Essasse more valuable internally as his options and warrants are both over $ 2.50. He could cash out at $ 6.00 or higher. Look at Pretium and Torex market cap for reference. If the gold price goes over $ 1450 per oz WATCH OUT.
Bullboard Posts