RE:RE:RE:setting up to run hard upwardsWilwal,
That is exactly why I am invested.
Once we drill the other known areas, we could have multiples of our current resource (3 million Oz or more is a realistic target?). Like other companies you will then find more areas and probably as they near production decisions they would also test at depth and it is often the case that there are better grades the further down you go.
The insider ownership is remarkably high.
BOARD, MANAGEMENT, INSIDERS AND PALISADES GOLDCORP (39%).
Another reason I like this company.
A question I have is regarding Palisades. How do people feel about their ownership and what will be their endgame?
I am guessing a sale at a much higher market cap and in that Scenario, Palisades will have done particularly well with their sustained investment that has helped with this companies funding for drilling etc.
Sure there will probably be some more dilution, but I am prepared to keep matching the placing price, especially if at these exceptionally low SP's. Overall, it will add tremendous value.
The upcoming PEA should be good.
Shallow open pit deposit with good grades, should see to that.
Apart from being a remarkable bargain, I also believe Mexican Gold will benefit from the upcoming commodity super cycle that IMO is bound to happen with the FED QE policies being the catalyst.
One other question. Are there any similar companies to Mexican Gold that have the same type of under-valuation?
Two others I like for similar reasons are AGG (TSX) and BDG (ASX).
My first pick might have some country risk.
My second pick has environmental issues that mean an underground plan is the way forward.
However, like this stock I believe they are also excellent value.
All IMHO DYOR GLA Sharegar.