Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Alacer Gold Is Highly Undervalued

This article is about Alacer Gold (OTCPK:ALIAF). Alacer Gold has a market capitalization of just over $700 million. It currently operates three gold mines: two in Australia and one in Turkey (of which it owns 80%).

Alacer Gold appears to be incredibly undervalued and it doesn't appear to have any significant risks associated with it. In addition to producing over 300,000 ounces of gold per year the company has over $300 million in cash and equivalents (I base this figure on the company's $255 million at the end of March, plus funds received from the sale of its Frogs Leg property and a subsequent repayment of debts and the payment of a special dividend). Thus given its current...

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