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Galiano Gold Inc T.GAU

Alternate Symbol(s):  GAU

Galiano Gold Inc. owns the Asanko Gold Mine, which is located in Ghana, West Africa. The Asanko Gold Mine (AGM) is a multi-deposit complex, with four main open-pit mining areas: Abore, Miradani North, Nkran and Esaase, and multiple satellite deposits, situated on the Asankrangwa Gold Belt, and a 5.8 metric tons per annum carbon-in-leach processing plant. The Asanko Gold Mine holds the land package within the belt, with over 21,000 hectares of tenure on this prospective and under-explored portion of central Ghana. The Abore is located along the haulage road between Obotan and Esaase, over 15 kilometers north of the mill. Miradani North is designed to be mined in two phases to help advance the high-grade ore and manage relocation costs associated with the Tontokrom village to the south. The Asankrangwa gold belt is located within the Kumasi basin. The AGM also owns various exploration licenses across the highly prospective and underexplored Asankrangwa Gold Belt.


TSX:GAU - Post by User

Comment by nozzpackon Dec 27, 2023 12:44pm
101 Views
Post# 35801318

RE:Brutally Undervalued Compared to Peers

RE:Brutally Undervalued Compared to PeersAnother example is WesDome....T.WDO ..at $8.15 and 150 m shares for a market cap of $1.2 billion.

Produces 135,000 ounces per year at a very high AISC of $1650 US per ounce .....hence very low operating margins and very skimpy cash flows

Net debt of $20 million so it's balance sheet is not so great either  

I would never own it for these reasons .

GAU has a current market cap of just $300 m cad, so using WDO, GAU should be trading at $2 billion market cap or more ..
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