Algold Resources Ltd. ALGDF

Algold is extremly undervalued !

[austrochris]

Algold has high grade goldprojekt in Westafrica . The next resource update should be out soon . About 1,5 Million ounces of Gold - I think . The NPV should grow about 100 Million Dollar . Algold is sitting probably on a multimilion ounce desposit . The Goverment is Partner of the projekt . And the best is that not many Shares are available for Investors .

[riskmanager]

True if they can prove up to 1,5 and increase NPV by as much as you stated.... ALG would sit on an inpressive project close to Kinross. The Value should pick up to settle at least around 100 M MC. The only problem eith ALG is the last consolidation which give cold feet to new investor. but like you said only 24 millions of shares and 70% hold by insider.... could go high and fast.  Big

[austrochris]

In September 2018 the CEO said with every 100 000 ounces of Gold more , the NPV grow 15 Million Dollar / 1250 Dollar Goldprice . And he also said , that 1,5 Million ounces are realistic with the past 25 000 meter drillprogram. Sit and wait and buying more Shares at this Level is no mistake !!!!!

[riskmanager]

yes! I know during the last conference he said the next update will be around 1,5. I bought at 24 cents and i'm confident that ALG will be either buy out very soon after or the SP will increase. GLTA RM

[austrochris]

And a big factor is the goldprice . If Gold go North in 2019, such cheap stocks as Algold are history !!