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TomaGold Corp V.LOT

Alternate Symbol(s):  TOGOF

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. The Company is focused on consolidating the Chibougamau Mining Camp in northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the Company holds interests in five gold properties in the vicinity of the camp: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake. It also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc. The Obalski property consists of about 74 claims covering a total of 2,740 hectares (ha) and lies three kilometers (km) south of Chibougamau, Quebec.


TSXV:LOT - Post by User

Bullboard Posts
Post by INVESTING2000on May 02, 2019 6:16pm
199 Views
Post# 29703579

Twists and Turns

Twists and TurnsI expect news end of May. Too many things still need to be done. Expect surprises, limitations and holds. Remember LOT was $7 million cap company with a share price at $0.05. Consider yourself lucky if, after all the wheeling and dealing is done, existing shareholders end up with a final value of $0.10 - $0.15 per share (tradeable shares). If $0.15, then it has been worthwhile.  Even $0.10.  But don't expect anything better than that. The basic fundamentals that made Tomagold a $0.05 stock have not changed. Only strong future drilling results and more agressive exploration will eventually drive Tomagold and Monster Exploration to higher levels - and there is still a big question as to whether this team can accomplish this given their history.
Bullboard Posts