Golconda Gold Ltd V.GG

Golconda Gold - STRONG BUY!

[Aton]

Golconda Gold - STRONG BUY! They are now on track for a margin of approx. $1000 per oz produced, Galane is currently implementing Phase 2 of its Galaxy op. when completed the company expects to sell 43K ounces per year at less than $750 / ounce ASIC => $43,000,000 profi

[Aton]

High volume yesterday for being GG, and interesting post on twitter about level 22. ""Exciting news! Our 22-level adit is now safer and more impressive than ever!"" Old news on level 22 and progress of new ore: May 9 2022 COMPLETED MINING OF THE TOTAL FOOTPRINT OF THE GALAXY ORE BODY AT 22 LEVEL The Company has also already commenced cut and fill mining at 22 level

[Aton]

About the twitter importance:  Galaxy consists of 21 ore bodies all of which can be accessed via adits at level 17 and level 22. Examples of the ore bodies are: Galaxy ore body – a massive pipe shaped ore body with a thickness of 35m and a strike of around 100m. Woodbine and Giles ore bodies – both narrow steeply dipping with a thickness of up to 2.4m and a strike of 900m

[bailey2]

Well, what price is the financing at? My guess somewhere in the mid-30's (plus warrants) which would equate to a pre-consolidation price of around 7 cents..........glta

[Aton]

With the solid track record that GG has as a superb mine developer and producer, look at presentation, I think new creditors or shareholders will be pretty confident in the businesscase. M-cap of CAD $25M (US $18,33M), unlocking production of 43K ounces per year at less than $750 per ounce AISC, just to be put into the mill. Thats a a gross profit of 43 million US dollar per year. Mine life

[Tree2tree]

So GG has a new dedicated pumper, that's Aton.  What happened to the previous dedicated pumpers?  After years of disappointment, it seems they gave up and went away. "The solid track record that GG has.." - what a joke!  GG has a superb track record as a lifestyle company, that's all.  They are constantly promising that major production is just around the