Editors' Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
In August I suggested that investors consider taking a position in GoGold Resources (OTC:GLGDF). I argued that the shares offered a compelling speculative opportunity with a lot of upside potential and limited downside risk.
At the time GoGold had two primary properties. The first -- Parral Tailings -- was a low-cost silver/gold project in development that had just received its final permits. Initial capex costs were extremely low and the company had already found financing. Initial production at 1.8 million silver equivalent ounces at $6.50/ounce...
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