Also conveniently absent in Corona's news release today was the little matter of the location of the main Kilo Gold Mines assets... they're in...wait for it...Democratic Republic of Congo (oh, yeah, they've also got another project in Afghanistan). A quick check of Kilo indicates that half their current market cap of $6-million is in cash so that's good. They've also a "1.67 Moz @ 2.5 g/t NI 43-101 inferred gold resource estimate" on one of their properties.
It would appear we're buying here at an absolute low point in Kilo's price. Risk is off the chart but so is potential reward. If I had a couple million I'm not sure I'd be investing it this way. But hey let's see what happens in the jungle according to G 'n R:
You know where you are
You're in the jungle baby
You're gonna die
In the jungle
Welcome to the jungle
Watch it bring you to your
knees, knees
In the jungle
Welcome to the jungle
Feel my, my, my serpentine
In the jungle
Welcome to the jungle
Watch it bring you to your
knees, knees
In the jungle
Welcome to the jungle
Watch it bring you to your
It' gonna bring you down-HA!