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Bullboard - Stock Discussion Forum Golconda Gold Ltd V.GG

Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively... see more

TSXV:GG - Post Discussion

Golconda Gold Ltd > Summit mine NPV 66 million USD - Time for a restart?
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Post by Aton on Jan 13, 2023 7:09am

Summit mine NPV 66 million USD - Time for a restart?

When they announce the restart of Summit mine in New Mexico the SP should get a good boost up. All is ready for a start up from permits to mill, Banner mill is complete with crush, mill, float, drill rig in place and 2 years of underground work already done ready to use.

When they go for a restart it will be up and running within a year, that is rocket speed for a miner to start producing, 50% production is gold 50% silver.

CEO
"we will hopefully have this up and running in the near term."
Comment by Tree2tree on Jan 19, 2023 1:18pm
"we will hopefully have this up and running in the near term." A statement like that from a ceo is actually a major red flag, but you are trying to spin it as great news.  Big mistake.  Especially from this company with its consistend record of promises and disappointments over many years.  Do you know what a "lifestyle company" is?  Don't bet your ...more  
Comment by Aton on Jan 23, 2023 4:53am
Closer and closer..    https://twitter.com/GolcondaGoldLtd/status/1617432023953448960?s=20&t=vHALdjUeI1KoXic2O7KfiQ Summit mine NPV 66 million USD - Time for a restart? When they announce the restart of Summit mine in New Mexico the SP should get a good boost up. All is ready for a start up from permits to mill, Banner mill is complete with crush, mill, float, drill rig in ...more  
Comment by bailey2 on Feb 16, 2023 7:25am
LOL, still trading at about just over 7 cents before apparent neccessary consolidation of shares. When a CEO uses the word "hopefully" in any sentence, you know the company is in trouble......and it starts at the top. Go on sedar and take a look at their wages for this brutal management group......How about they announce that they will not take a wage and pin their financial ...more