Golconda Gold Ltd V.GG

Alternate Symbol(s): GGGOF

Metals & Mining Gold

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.

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Golconda Gold Ltd > Golconda Gold - STRONG BUY!

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Comment by Atonon Dec 19, 2022 4:38am

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Post# 35178989

RE:RE:RE:RE:Golconda Gold - STRONG BUY!

With the solid track record that GG has as a superb mine developer and producer, look at presentation, I think new creditors or shareholders will be pretty confident in the businesscase. M-cap of CAD $25M (US $18,33M), unlocking production of 43K ounces per year at less than $750 per ounce AISC, just to be put into the mill. Thats a a gross profit of 43 million US dollar per year. Mine life 10 years ++.

The Galay deposit is huge.

Low case 1.410.000 ounces of gold

High case 4.000.000 ounces of gold

When this financing is complete I think SP will go a couple of 100% rapidly.
Now is the perfect timing to enter or add.