In this article I'll have a look at GoGold Resources (OTC:GLGDF), a company aiming to develop its Parral silver tailings project in Mexico's Chihuahua state. I'll discuss the economic viability of the project by making some cash flow assumptions and I'll briefly look at the company's other projects as well. This will result in my investment thesis at the end of this article.
As trading on the US listing is quite limited, I'd recommend to trade in GoGold Resources through its Canadian listing as GoGold is listed on the main board of the Toronto Stock Exchange with ticker symbol GGD.
GoGold is fully financed to bring its 1.2M oz per annum Parral Tailings project into production...