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Unigold Inc V.UGD

Alternate Symbol(s):  UGDIF

Metals & Mining Gold
Unigold Inc. is a junior natural resource company. The Company is in the business of exploring its mineral concession properties in the Dominican Republic (DR). It is focused on exploring and developing its significant land position in the DR, within the highly prospective Cretaceous-age Tireo Formation. The Company’s Neita Concession encompasses 21,031 hectares (ha) of the Tireo Formation, a thick sequence of intermediate volcanic and volcanoclastic rocks produced by island arc volcanism that are highly prospective for Porphyry Cu and Cu-Au deposits; High to low sulphidation Au and Au-Ag epithermal deposits, and Volcanogenic Hosted Massive Sulphide (VHMS) Au-Ag-Cu-Pb-Zn deposits. Its Candelones Project is located south of the town of Restauracion in the northwestern Dajabon Province of the Dominican Republic. Its Candelones oxide gold deposit is within the 100% owned Neita Fase II exploration concession located in Dajabon province, in the northwest part of the Dominican Republic.


TSXV:UGD - Post by User

Unigold Inc
Bullboard Posts
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Post by agooberon Aug 09, 2020 11:59pm
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Post# 31385710

Update on Unigold from SmallCapInvestor

Update on Unigold from SmallCapInvestorhttps://www.smallcapinvestor.ca/post/unigold-progress-update-1

Although Unigold (TSXV:UGD) is up over 60% since our initial recommendation at $0.35, we still strongly believe the stock has significant upside potential based on a relative valuation to its peer group. Companies with similar resource models are trading at much higher valuations and we expect this gap to close in the near future. On the technical side, we are targeting a measured move to $0.73 based on a bullish ascending triangle formation in the chart. As for the fundamentals, we believe that UGD’s 2-3 million ounce deposit should be valued closer to $250 million CAD or ~$1.60 per share (using $78.8/oz multiple; targeting 3 million ounces) as opposed at the current $80M valuation.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities