And for our serious investors!Here is a short excerpt from a very good article on AGG! It's on baystreet.ca. It is 2 weeks old, but just in case you missed it! A Very interesting Article. In between is the development phase. And when it’s as fast-paced as this massive gold project Wall Street’s about to latch onto in Mali, then the needle can move—fast.
African Gold Group (TSX.V: AGG; OTC:AGGFF) is sitting on a potential 2.2-million-ounce resource at its Kobada Gold Project in Mali’s prolific gold-producing Birimian Greenstone Belt. Better still, it’s low-cost, near-surface and easy-to-process gold.
And better still yet: It’s evaluating the potential for an increase in estimated annual production to 100,000 ounces per year.
AGG is in the middle of a drilling frenzy, and construction could start in just six months.
Junior gold stocks have a reputation for hundredfold stock gains—but while this needle will sometimes be moved on dramatic discoveries, it moves most in the fast-paced news of the development phase, when the potential for production looks like a sure thing.
Then, it can move dramatically again on news of a big acquisition.
In the case of AGG’s Kobada Project, what may ping Wall Street’s radar loudest is who’s behind it: This is another project of legendary Canadian mining financier Stan Bharti, who is also AGG’s new CEO, supported by heavy hitter Danny Callow, the No. 2 mining head for giant Glencore’s Africa division.
Everything Bharti touches turns—in many cases literally—into gold, and when you’re playing on the junior field, half of the de-risk depends on who’s running the show.
In this case, it’s a legendary mining expert who has discovered 20 million ounces of gold for his companies, brought more than $3 billion in investment capital to them and unleashed billions to shareholders. Need I say more!