Dennis Beaudet
Long only

Geodrill Limited: West Africa's Leading Metals Driller Is Trading At 50% Of Tangible Book Value

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.

The metals drilling sector is in shambles

Globally, drilling companies focused on metals have been nearly beaten to death. The cause of this thrashing can be traced directly to the serious downturn in precious metals' prices as well as a number of other drilling-dependent commodities such as iron ore, uranium etc. Further aggravation has been added by rapidly rising finding and development costs in the mining industry. This double whammy has caused a very serious malaise to settle into the world's mining companies, which has rapidly cascaded...

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