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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

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

Bullboard Posts
Comment by KingTuton Aug 31, 2019 7:00am
212 Views
Post# 30085715

RE:comparables

RE:comparablesSuggest break down components:

Portion 1: los ricos project- soon to be recognized as comparable to a project like Corvus golds Motherlode and North Bull Frog district. Only Los Ricos has better grades and the Cerro Colorado would be even better than the YellowJacket vein Corvus has.  KOR.to has $275 mm cdn MC. KOR has study that has $1.2 billion nav at current au us $ price so what’s GGDs Los Ricos really worth when it progresses quickly given huge Parall cash flow generation.

portion 2: a 2 million Oz per year silver producer with near term falling costs due to SART in a rising silver market. Find a comparable .  Using Excellon, it has $130 MM MC but has some blue sky on property for better finds too. So use half my

Easy $2 per share after gold shows in September here folks. Get your on sale shares as quick as possible. Story is about to be told and demonstrated in spades.

upcoming drill cores on Cerro Colorado are going to blow the top on this underpriced bargoon.
Bullboard Posts