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Golconda Gold Ltd V.GG

Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa) through subsidiaries located in South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Comment by bailey2on Nov 11, 2020 1:34pm
189 Views
Post# 31878256

RE:RE:New Interview with CEO Nick Brodie

RE:RE:New Interview with CEO Nick BrodieNot much not to like about Galane. Their South Africa Galaxy mine  is going to be an incredible cash cow, at under 800 AISC. Also looks like they have only touched the surface, as to what their resource can be expanded to. Has never been mined deep. Like the fact that Ravi is young and by the sounds of it, the management team is going to hold on solidly to their 50 per cent plus ownership of shares. Last year their q3 came out around Nov 25 ? Really not too concerned about it. Going to be a great junior gold to hold in 2021 and beyond. Another litlle tidbit to think about. They hold all the mining land and only gold mine in Botswana, also having over 200 k oz;s in tailings also at their Mupane mine. Big resource estimate at Galaxy. Could certainly be a takeout candidate for the right price. Perhaps Ravi wants to show the world the cashflow first, in early 2021. glta
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