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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 Jun 08, 2022 8:16pm
202 Views
Post# 34742129

RE:initial resource

RE:initial resource
These estimates are disappointing for those who wish to make 200% yield in 1 year or who are unaware of the effort required to demonstrate new resources. It takes time and a lot of money.
 
Considering that ~2,900,000 shares were traded at 30 cents or less and a purchase of ~10,000 shares in the last minute was enough to raise 4 cents, I consider this close a bullshit trap.
 
If ROS does not discover new areas with higher grades, I believe it will be difficult to justify such market capitalization for much longer. Otherwise, the capitalization could remain as it is but the issue of shares issued to finance the next works will put pressure on the SP.
 
Regarding the potential for expansion, we usually talk about it because there is nothing else interesting to say. Overall, this project is interesting but not exceptional.
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