The expertise of Atlantic Gold is beginning to show in Nova Scotia as they very cheaply have increased their gold resource by 373,000 ounces by utilising there open pit mining expertise to realise the potential of the Cochrane Hill project and take control of this project from Scorpio Mining who obviously did not have the same level of expertise and may not have even realised how good the project was.
The potential for Atlantic Gold to discover a lot of gold in Nova Scotia is truely mind boggling as the area is so underexplored and the canadians don't have the open pit mining expertise Atlantic Gold has and therefore the resources are just sitting there waiting for someone who knows what they are doing to come along and discover/develop them.
When the Touquoy Project starts producing gold Wally Bucknell will have Millions of dollars to spend each year to find gold and they found 11 million ounces with Plutonic in Western Australia and Nova Scotia is a lot less explored than Western Australia and certainly comprehensively under explored from an open pit mining perspective and therefore has enormous potential to hold many millions of ounces.
Atlantic Gold was an undervalued stock before this recent discovery/acquisition and is now substantially undervalued.
http://www.giftsofnz.com/atlanticgoldundervaluedshare.html
It is not the grade of a gold resource that matters most, it is how profitable the resource is to produce, and therefore its profitability that is critical !
Atlantic Gold have the low cost open pit gold mining expertise that nobody else in Nova Scotia seems to have and therefore they are in a very strong position to become a major player in this area.
Touquoy
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