Asanko Gold (NYSEMKT:AKG) is an interesting junior gold explorer. The company's main focus is the multi-million ounce Esaase Gold project in West Africa, which is currently undergoing the final stages of assessment before construction. Construction is set to begin on the project during the first half of next year.
I should note that previously, Asanko was known as Keegan Resources.
Summary: Currently Asanko conforms to deep value investing criteria. The company's stock price is below the implied cash-per-share value, indicating that you can by $1 of cash on Asanko's balance sheet for only $0.86; a great deal.
However, as with any early-stage resource company there are risks and as usual, the principal risk facing Asanko is the...
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