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GoGold Resources Inc T.GGD

Alternate Symbol(s): GLGDF

Metals & Mining Silver

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

GoGold Resources Inc

Bullboard Posts

Post by silber1975on Nov 27, 2018 3:47pm

118 Views

Post# 29029569

Undervalued stock???

GGD has a good cash position:

10 USD Cash last quarters financial results
6 USD Cash royalty selling to Mettala (holding period 4 months)
6 USD Share value of Mettala (0.78 CAD)
1-10 USD VAT refund from Mexican Gov. (now streaming in), watch the presentations of the CEO and you will hear about this fact too.

Value of Gogold:
23-32 Mio. USD

Market Value:
25 Mio.

Bullboard Posts

Options trading in a volatile macro environment