Notable Quotes
"ATX has a resource estimate coming out this quarter, which should prove up the highly prospective nature of its silver resource." (5/18/12) Argentex Mining Corporation - The Gold Report Interview with Aaron Kennon More >
"KBR's Monterde is a neat little project from an acquisition perspective." (5/16/12) Kimber Resources Inc. - The Gold Report Interview with Chris Thompson More >
"QMI should be able to create tangible value for shareholders." (5/15/12) Queenston Mining Inc. - Adam Melnyk, Desjardins Securities More >
"TMM is on the right track to running a successful mining operation." (5/15/12) Timmins Gold Corp. - Philip Ker, Union Securities More >
"PVG's infill drilling continues to intersect bonanza-grade mineralization." (5/15/12) Pretium Resources Inc. - Ovais Habib, Scotia Capital More >
"RVM's Rock Creek project is a major catalyst that could energize the company." (5/15/12) Revett Minerals Inc. - Jeff Wright, Global Hunter Securities More >
"ABS has some world-class projects in Ghana and absolutely fabulous management." (5/14/12) Abzu Gold Ltd. - The Gold Report Interview with Bob Moriarty More >
"ATX's silver property is a hell of an opportunity." (5/14/12) Argentex Mining Corporation - The Gold Report Interview with Bob Moriarty More >
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Experts Commenting on This Company
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African Gold Group Inc.TICKER: AGG:TSX.V
African Gold Group Inc. is a Canadian-based, West African-focused gold exploration and development company. The company controls 12 concessions that are consolidated in 5 distinct standalone exploration projects along significant gold trends, the most advanced of which is its Kobada gold project. Located in Mali, Kobada has an NI 43-101-compliant resource of 740,000 oz. gold at 0.3 g/t Au, emanating from 10% of strike potential. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Analysis
Hendrik Visagie, Pope & Company (3/22/12) "We believe African Gold Group Inc. is an attractive gold play with positive economics indicated by the preliminary economic assessment for a 100 Koz gold producer, with potential for higher production if oxide exploration upside is realized. At roughly $40/oz gold for the Inferred resource, with potential for more, the company has significant upside; based on observations from our recent site visit, our modeling estimates the potential to define an additional 2.5–3 Moz gold."
Morning Coffee (3/21/12) "African Gold Group Inc. announced the analytical results for eight, near-surface (oxide), reverse circulation, stepout drill holes from the company's Kobada gold project. . .highlight intersections included: hole KBRC12-006 intersected 70m of 1.83 g/t gold and 45m of 1.79 g/t silver, ending in mineralization; hole KBRC12-003 intersected 27m of 0.47 g/t gold and 84m of 1.26 g/t silver, ending in mineralization and hole KBRC12-004 intersected 21m of 1.07 g/t and 9m and 1.8 gold."
The Gold Report Interview with Mark Lackey (3/19/12) "African Gold Group Inc. in Mali has the Kobada mineral resource of 1.1 Moz. We like it because drilling has extended the mineralization in the area over about 4 kilometers. One of its top management people was the chief geologist for IAMGOLD Corp., which has had a great run and done extremely well in West Africa. . .African Gold Group also has a holding in Ghana. We think it has significant potential, given the estimated mineral resource." More >
Christopher Welch, Ocean Equities (2/16/12) "African Gold Group Inc.'s flagship Kobada project has the potential to offer a relatively low-cost entrance to gold production and with an estimated production rate of ~126 Koz/year, could create significant revenues for the company. In the near-term, exploration is likely to be focused on extending the down-dip and along-strike extent of the mineralized envelope, which has the potential to benefit African Gold through economies of scale by raising the production profile and lowering overall cash costs."
Thom Calandra, Torrey Hills Capital (6/27/11) "Recent purchases include more African Gold Group. CEO Michael Nikiforuk says this is the 'silly season' for metals equities and can point to no specific reason why shares of the West Africa prospector have gotten crushed. I am an AGG believer. There are more fresh 5 Moz. gold deposits in Mali than in any other Africa nation. I believe all of my portfolio is available for Ticker Trax subscribers under the portfolio function. My Stockhouse username is TCALANDRA." Ticker Trax
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(7/12/10) AGG Geological Flyover |