Oversold -Gold Is not 1000 per ounce

  1. 290 Posts.
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    As gold was approaching $1300- I saw a bid of 500,000 shares at .29

    They are close to new mining of two sites- both open pit-low cost mining-highly profitable
    kuuosomo- this is betting $1 on a 1000/1 chance but if pays off- the stock will fourfold- no asset value in the share price

    So what have we got- cash $10.5 million plus
    Existing Gold Mines 20,000 plus ounces- Faboliden 15-20,000 ounced starts early 2018- Kaapelinkulma coming a few thousand per year

    Nil debt- Tightly held 80% - management that have the resources/ knowledge of running large companies can take this to a few hundred million dollar company

    Recent High of .38 and today selling at .22 ($20 million market cap)- very cheap
 
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