In my search for the most undervalued, underappreciated gold mining stock, Gran Colombia Gold (OTC:TPRFD) could take the crown.
This is a company which possesses tremendous upside potential and leverage to an increase in the price of gold. With that tremendous upside comes risk, which I will discuss in detail, but I believe that Gran Colombia's risk is worth the potential reward at this point. I also feel that the management team is making the right moves, including the recent announcement of an equity offering to provide financial flexibility.
As the price of gold has dropped from the 2011 highs of $1,900 to the current three-year lows of $1,220 an ounce, many of the mining companies have been...
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