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It looks good T
I have also added this week.
Geo, dipped my toe in the water today. Will be increasing position in a couple weeks. Thanks.
T
Up 10% .1017 today
It is one of my large positions. I do not know of any gold miner that is profitable and has the same or bigger production out there with sub $30 million value. If anyone does know please post. BTW that is ignoring the high growth future.
Great post. All publicity is good publicity when no one knows about gggof and how fundamentally undervalued it is based even in trailing performance! If the projections come true, then sky is the limit. I keep buying more about 2x per week.
"Buy Profitable And Future 110,000oz Miner Galane Gold For $26.6 Million, Comparison To $316 Million Pure Gold" https://seekingalpha.com/instablog/535947-darp-research/5648819-buy-profitable-and-future-110000oz-miner-galane-gold-for-26_6-million-comparison-to-316
This is how it starts:
Summary
At .0812 a share Galane has a $26.6 Market Cap, sells for <1 Times Book, <10PE and has EV/EBITDA of 2.92, yet will be one of the fastest growing miners.
The Galaxy Project will grow from current 15,000oz to 43,000oz gold a year in 2023 then 60,000oz in 2025 and has an IRR of 1,051% and an AISC of $777.
They bought the ready to go Summit gold and silver mine with Banner Mill in New Mexico (100,000oz Au, 6,500,000oz Ag) with NPV of $96 million for $16 million.
How does Galane compare to similar production sized Pure Gold? Galane has 1/12th the mkt cap. Is this justified by other factors?
Galane Gold (GGOFF) is a gold miner with the Galaxy Mine in South Africa, the Mupane Mine in Northeastern Botswana and the Summit Gold/Silver Mine in New Mexico USA. They had $49 million revenue in 2020 with $12.1 million positive EBITDA and have started an explosive growth period.
In mining a 30% IRR (Internal Rate of Return) is considered good and 50% IRR as great. So when I saw that Galane Gold (GGOFF) had a 1,051% IRR on the Galaxy Project was all ears. It is the highest IRR have ever seen for any mine project or for that matter any oil project either.
One conclusion for 2022: So at 60,000oz and combined AISC will guess at $1100 (Mupane is a lot higher than Galaxy) and $1775 gold that would produce $40.5 million profit. And Galane is currently $26.6 million market cap? That is insanely undervalued. It is 0.6 PE for a high growth company. If we assign an 8 PE that is a market cap of $404 million or about $90 million more than Pure Gold is today. That is about a 15 bagger.
Yes saw that. That+Another Video SeekingAlpha link, I will post next as part of an new article on Seeking on Galane.
Great video interview with CEO from a couple days ago. Link in yahoo finance message board and in Seeking Alpha.
It would seem I am the only buyer of late.
Works for me! And Thankyou Sellers.
Detailed Q PR and more:https://galanegold.com/news/english/index.php?content_id=233
As of the end of July, Galane Gold has commenced stoping in the Galaxy ore body and expects to see a marked increase in tonnes delivered to the processing plant going forward. This represents the final milestone to be met as the Company ramps up production to over 26,000 ounces per annum.(1)(2) In addition, Galaxy has exceeded its production budget for the second quarter, producing 2,496 ounces of gold (1,872 payable ounces). The Company also notes that Galaxy experienced no material effects from the recent unrest in South Africa.
“The results at Galaxy exceeded our expectations which was due to the additional hard rock feed and the mined grades being higher than the block models predicted. In addition, the commencement of stoping in Galaxy is the last milestone in the ramp up to the completion of Phase 1.
“Finally, on the site visit to Summit, I was impressed by the condition of both the mill and the underground. There is already almost two years of potential production available from stopes in the underground due to historic development that was not exploited before the mine went into care and maintenance in 2013. This represents a great platform for us to restart the operation with minimal capital investment.”(1) https://galanegold.com/news/english/index.php?content_id=233
So I see 4,000oz Q3 at Galaxy and 6,000 oz in Q4
Katchum has put out video on this
all gold miners have been doing poorly,look at GDXJ Moo
My guess is concern that COVID will slow or stall operations.
But I’m pretty clueless about these sort of stocks
Anyone know whats up with the slow and steady PPS drop over the past few months
Seeking Alpha Galane Gold: A Production Growth Story
Jan. 06, 2021 9:12 AM ETGalane Gold Ltd. (GGGOF)76 Comments7 Likes
Summary
Galane Gold total production is estimated to double in 4 years.
Galane Gold is currently undervalued based on EBITDA multiple of 5.
Galane Gold has excellent exploration potential.
Galane Gold will be debt-free in 2 years.
Galane Gold (GGGOFF) is a gold mining company with operations based in South Africa and Botswana. The company has a market capitalization of $50 million. I believe this company is undervalued based on its production growth profile for the coming years.
To add further evidence to this premise, we can look at the after-tax NPV of the technical report of the project (Phase 2) which was released in July 2020. The technical report showed an impressive 1,498% IRR and a NPV (5%) of $147 million with a 1-year payback period. When we look at the sensitivity analysis, we can see that this project has a 2 times leverage to the gold price.
Management and insiders own 60% of the company and is a very positive sign. This typically signals confidence in a company's prospects.
Full article: https://seekingalpha.com/article/4397566-galane-gold-production-growth-story
And fairly active comment thread going on there.
This is one of cheapest gold stocks there is. There Galaxy mine production is going to soar. I have bot the drop.
Don’t they have to get above.25?
It just keeps going, ...and going, ... and going, ...
Thanks ! Probably just dum luck LoL!
You've done well my friend.
Little GGGOF has been and will continue to kick ass !
I'm in at .046 - and lovin' it !!!
They sure are !
are these guys making gold?
Getting back in to green gold for the lift. The last wave made me a hundred thouandaire This next one is going to be multi mill. Im good with that :)
she keeps on giving!
finally paying off?
I feel better about this little guy than most of the better known miners.
Seems like the PTB don't f *ck with it as much so we're more or less flying under the radar.
To tell you the truth, it would make my day to see another big dip so I could pick up more shares.
Keeping some dry powder just in case !
So True!
but there's always something that can go wrong.
Love the enthusiasm, but there's always something that can go wrong LoL!
I agree though, the prospects here are outstanding !
GGGOF..Long time Cork! Gonna grab a few here shortly..GL!
Look at Galane Go ! Good see you bruce !
We can always count on NITE to supply the low bid.
These guys are probably the best deal in the gold sector right now!
Hey bud..looks like easy money at these prices..been nibbling~
Good read ... Definitely time to pick some metal stocks. I like GGGOF also
$GGGOF - As Gold Prices Rise, Pay Attention to Galane Gold Ltd - https://midasletter.com/2019/08/as-gold-prices-rise-pay-attention-to-galane-gold-ltd-cvegg/
Great day, closed at (.064) Today saw 84 trades totaling 1,357,255 shares traded, 95.7 % buys, 2.8% sells, per IHUB Streamer. Ended the day up 30.9% on the US side.
ON the TSX, the volume was 4,163,548 up 54.5% on the day.
I don't know..why the sudden interest today other than it has been grossly undervalued (for a 50,000 ounce per year producer) for the last month as the gold price shot from 1380 to almost $1540. Every other producer has seen tremendous appreciation, so I think Galane is just now catching up
I don't have the averages for TSX index, but the company did issue a statement:
Galane Gold Ltd. Comments on Market Activity
TORONTO, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Galane Gold Ltd. (“Galane Gold” or the “Company”) (TSX-V: GG; OTCQB: GGGOF) is responding to a request from the Investment Industry Regulatory Organization of Canada, following the trading activity occurring today in its common shares. The Company is not aware of any corporate developments or other reason for the recent increase in market activity.
About Galane Gold
Galane Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa. Galane Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol “GG” and the OTCQB under the symbol “GGGOF”.
Galane Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Nick Brodie
CEO, Galane Gold Ltd.
+ 44 7905 089878
Nick.Brodie@GalaneGold.com
www.GalaneGold.com
I was trying to get sneaky about it LoL! All the better known "mainstream" miners get smashed every time the gold price gets smashed.
When nobody had heard of these guys, they were immune from the daily fluctuations.
Now they are gonna be like the rest of 'em, but glad we got in when we did!
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