Mexico: Diversification and cheap gold/silver producersALO's assets are located in Mexico, so if you want to diversify your holdings with grossly undervalued producers, consider checking Gogold Resources (GGD) whose low-risk silver/gold asset is in Mexico too. It's a very low-risk asset because GGD is a tailings processor, it's not a miner.
Proforma the recent deal with Agnico (AEM), GGD paid off its debt and is debt-free now with ample cash & cash equivalents (US$30 million including the 2% NSR) and its Price-to-Book Value is under 0.5 times. This is absurdly low.
GGD's stockholder Equity hit US$130 million, proforma the recent deal with AEM.
Insiders own 30%, so insiders are fully aligned with shareholders.
Just an idea for diversification. Do your dd and gl.