TSXV:SFF - Post Discussion
Post by
Seriousface on Jul 19, 2013 10:47pm
I dont have to pump the stock does it for itself.
Seafield is the largest land holder (100% ownership) in the Quinchia district in Colombia, the relatively unexplored but emerging new gold-copper porphyry district, home to recently discovered big world class deposits such as the Marmato deposit (approximately 10 million oz) of Medoro Resources (TSXV: MRS) located 10 km to the north & AngloGold’s La Colosa deposit of 13 million oz located 60 km northwest to Seafield’s property. Its unique and large land position in an emerging gold belt in Colombia presents tremendous blue sky opportunities. It has the potential to confirm a sizable deposit in the range of 3 to 5 million oz at different projects.
We believe that Seafield Resources is undervalued compared with peers. Its immediate neighbour, Batero Gold Corp. (TSXV: BAT), with considerably smaller land package (1,407 Ha vs. 6,757 for SFF) and an early stage current drilling program has market value of C$ 98 million. Seafield on the other hand is valued at approximately C$20 million despite its bigger land position, a respectable initial current resource estimate and an extensive drilling program already in place. We see this valuation gap closing as the market becomes fully aware of its relative positioning within the fast emerging gold districts in Colombia and discovers Seafield’s potential. We believe that the company may attract attention from other players looking to acquire promising gold resource assets in Colombia.
...Like Batero...
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