In this article I analyze Asanko Gold (NYSEMKT:AKG), a small gold mining company with a uniquely favorable risk/reward distribution.
1: About Asanko Gold
Asanko Gold is a development stage gold mining company with two large properties in Ghana: Esaase and Asumura. Esaase will likely be a producing mine by late 2015 or 2016 at roughly 200,000 ounces per year. Asumura is a large early exploration property that has yielded some positive results that suggest that it may contain a producing mine.
Currently the company has a market capitalization of $188 million, or $228 million diluted. This is incredibly inexpensive considering the company's cash position of $196 million at the end of March.
While the company will need nearly...
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