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Roscan Gold Corp V.ROS

Alternate Symbol(s):  RCGCF

Roscan Gold Corporation is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in West Mali. The Kandiole Project consists of nine contiguous gold prospective permits, encompassing approximately 402 square kilometers, located within the Kenieba Cercle, an administrative sub-area of the Kayes Region, approximately 400 kilometers (km) west of Bamako, the capital of Mali in West Africa. The prospective gold permits include Dabia South, Kandiole North, Kandiole West, Mankouke West, Moussala North, Niala, Segando South, Bantanko East, and Segondo West.


TSXV:ROS - Post by User

Comment by ABDPhilon Sep 21, 2021 2:08pm
158 Views
Post# 33893032

RE:the SP is an absolutely joke here at 0.24 CAD...

RE:the SP is an absolutely joke here at 0.24 CAD...
How do you go about asserting that Roscan is undervalued? The market cap is approximately $ 80,000,000.
 
Despite the publication of several drill results, I have not found a mineral resource calculation and a lot of time and money will be required to obtain an estimate of the mineral reserves. It gives the impression that you are underestimating the effort that needs to be made to showcase this permit. Finally, there is nothing to indicate that any promising results will flow from these efforts. Roscan is for the moment a story to follow, not an investment.
 
Considering the depth of the drilling done and the type of geology, you may already begin to worry about cash flow. Consequently, it suffices to check the income statement and the financial statement to understand that the next financing will significantly dilute the current shareholders. The SP should really go north. Otherwise, it will be painful.
 
I am somewhat of the same opinion as you on security issues, but the situation should not be minimized. And beyond the security issues, I believe that the political situation also brings problems and concerns. Hopefully the election scheduled for 2022 will restore stability in the Malian administration.
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