Golconda Gold Ltd. (GGGOF)

[geodan]

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.