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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
Comment by drillcorejunkieon Nov 06, 2020 9:20am
81 Views
Post# 31850478

RE:RE:Slow and steady accumulation continues

RE:RE:Slow and steady accumulation continues

Given how weak gold stocks have been in recent weeks,Tomagold has been a star performer. Other juniors that I own such as Midas Gold and Outcrop Gold have sunk to ridiculously low valuations given their assets. Even Barrick, which just announced blowout profits, still has an insanely low valuation given where the gold price is.

At 14 million canadian dollars market cap, Tomagold still has a long way to run IMHO. The other interesting thing is that because Tomagold owns so many shares in other companies (IAMGold, Pacton, Goliath), lifts in the prices of those shares should automatically propel Tomagold higher. For example, IAMGold clearly also has a long way to go to reach its most recent top. My view is that everything in the precious metals sector seems unreasonably undervalued at the moment.
Bullboard Posts