RE: Presentation: Golconda Gold - "..we are going to take off"The gold price movement right now is just what GG needs to "..take off" but they have also very big reserves and resources. Around 1M oz M/I and 1,4M inferred. And as they state on the website:
"Golconda has a drill ready plan to expand the resource to over 4 million ounces."
They managed to increase the resources by 60% when doing a review of old drill results. This was done looking at 3 ore bodies, they have 18 more to update. If they succeed in this GG will add 3 million oz at almost no cost! M-cap of 25 million and working right now on scaling up production to 40.000 oz per year at a target of ASIC $750.