This article is about African Barrick Gold (OTC:ABGLF). African Barrick Gold has a market capitalization of around $700 million. It currently produces just under 600,000 ounces of gold annually. It has an enormous resource base of over 30 million ounces of gold at over three grams per ton. It also has around $400 million in cash.
In all on the surface African Barrick appears to be a steal at the current valuation.
However, there are several reasons for this valuation.
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|