atlantic gold 1.2 mio ozs av discov $13 per oz

Atlantic Gold is certainly an extremely undervalued stock with a market cap of only $21.3 Million and an in ground gold resource valued at approx A$1.7 Billion.

The 2010 Annual report was out on Friday and gives an excellent overview of progress to date and their future exploration plans for the meguma terrane.

Atlantic Gold has a very profitable gold project and they are getting close to the mining stage and yet the most exciting part is the exploration upside that they will be able to pursue with great gusto once they are generating cashflow from the Touquoy Project.

They fully expect to find many millions of oz's in this highly prospective but extremely underexplored gold terrane which they compare to how Western Australia was in the 1980's.

Wally Bucknell has a track record for finding a lot of gold and the patience of investors in this company should be handsomely rewarded in the not to distant future.

If you are interested in gold and gold stocks your time would certainly be warranted in finding out more about Atlantic Gold.

DYOR

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