Golconda Gold Ltd V.GG

Very strong asset base

[nozzpack]

Transitioning Mupane from a high cost, short life and open pit operation to a lower cost, extended life and underground operation is a slow process todate

Bringing Galaxy out of care and maintenance, doubling the resource to over 2 million ounces , tripling the size of the processing plant, changing it to a large volume mechanised underground mine and unlocking the value of a refractory ore by producing marketable concentrate takes time.

But the upside is huge and management have produced galaxy for over 330,000 ounces topsides.
In short, they can do what they say they will do.
 

Acquiring Summit a fully permitted past producing operation, with underground workings and a functioning processing plant, that can be restarted immediately with minimal capital costs was a great move which will get its modest financiacg to produce 25000 ounces per year of gold including silver credits..

FWIW