Operates in Victoria, Aus - so great (fair) political climate and one of their gold belts. The also have a subsidiary project in the Philippines.
Their main focus has an estimated 11m Oz of gold and is easier close to an existing monster mine owned by Newmont Gold ($50bn market cap).
Trades at 1.1gbx - 50m market cap. Financials look about as good as a penny stock can be after selling down their last project and taking a 2% royalty. They’ve also received a grant from the Aus Government and sold a couple of less promising licenses to fund exploration of this project. It’s very promising that they’re narrowing focus on a singular project - but could be an eggs in one basket sort of situation.
So yeah, that’ll do - always do your own research and satisfy yourself. These sorts of companies are super super risky - but the upside is incredible.
Be prepared for a long hold though - 8-10 years I’d think before it gets too exciting.
@CeeGee maybe your next goldrush target!