African Gold Group (TSX-V: AGG; OTC: AGGFF) was covered recently in a new initiating research report authored by Toronto based securities firm: Pope & Company. We have included a brief excerpt from the report as well as a link to the full report below:
“We believe AGG is an attractive gold play with positive economics indicated by the PEA for a 100,000 oz Au gold producer, with poten-tial for higher production if oxide exploration upside is realized. At roughly $40/oz Au for the Inferred Resource, with potential for more, AGG has significant upside. Based on observations from our recent site visit, our modelling estimates the potential to define an additional 2.5 to 3.0 M oz of Au.”
