RGL 16.7% 0.7¢ riversgold limited

Ann: Becoming a substantial holder Tolga Kumova, page-71

  1. 12,830 Posts.
    lightbulb Created with Sketch. 15644
    He ( Tolga ) seems to also have quite the' Affinity ' and admiration for his ' ownership ' to RGL's Alaskan Gold Tenements if these two Tweets are any indication ....... smile.png

    https://hotcopper.com.au/data/attachments/2213/2213260-1714c48d6732501af90dc72ea2db4111.jpg
    https://hotcopper.com.au/data/attachments/2213/2213261-2f052318dac0f448b12862ebe466af1b.jpg


    And I suppose this should not be all that surprising in the comparison's to say RGL's Alaskan Land Tenements to that of NOVA Mineral's ( below ) as follows:-

    Taken from RGL's website :-

    The Project area lies at the south-west end of the Tintina Gold Province, an arcuate, 200-km wide, 1,200-km long metallogenic province bounded by the Iditarod Nixon Fork fault systems on the north and the Denali-Fairwell fault systems on the south and extending from northern British Columbia into south-western Alaska. The province includes such large gold deposits as Pogo, Fort Knox, True North, Donlin Creek, and Shotgun and remains a prime area for gold exploration.


    https://hotcopper.com.au/data/attachments/2213/2213271-7c939be7993ef757ecec266262cf512a.jpg




    Nova Minerals (ASX:NVA).

    Nova is an Australian miner focused on gold exploration in two highly prospective regions, the Tintina Gold Province in Alaska and the Northern Territory in Australia.

    The company’s flagship Alaskan project, the Estelle gold project, is adjacent to high-grade gold occurrences and mining in the Tintina Gold Province.

    Nova kicked off the much-anticipated 2020 exploration program at its Estelle gold project in Alaska’s prolific Tintina Belt, which is expected to result in a significant expansion of the project’s existing 2.5-million-ounce resource.

    So what I would personally conclude from ALL this is that RiversGold has arguably THREE ' highly prospective Gold Exploration Regions ' ....and Nova has TWO highly prospective Gold Exploration Region's. The only difference being that Nova is valued by the Market at near enough 7 x's more that of RGL.



    So could this be another classic case of the Market simply mispricing the comparative potential of two similar companies operating in the same sector and relative similar jurisdictions.

    Notwithstanding that RGL is yet to crack a 2.5 million once resource , you'd still arguably have to answer YES to this hypothetical question of comparative value.......And since it's all about getting in on the ground floor , it would seem that Tolga would also agree with this notion of the mispricing of RGL's potential....... wink.png Giddy-up lets GO !! Next Stop 4.2 cents.......biggrin.png


 
watchlist Created with Sketch. Add RGL (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.001(16.7%)
Mkt cap ! $8.467M
Open High Low Value Volume
0.8¢ 0.8¢ 0.7¢ $259.8K 34.17M

Buyers (Bids)

No. Vol. Price($)
9 4299526 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 6686426 13
View Market Depth
Last trade - 16.10pm 15/07/2024 (20 minute delay) ?
RGL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.