The Investment Doctor
Long/short equity, value, debt, base metals

The Turnaround Of Shanta Gold Is Almost Complete And 2014 Will Be Full Of Catalysts


In this article I'll have a closer look at Shanta Gold (OTC:SAAGF), a producing company whose primary asset is the New Luika Gold Mine in Tanzania which is set to produce 80,000 ounces of gold this year. I will start by providing a brief background of the New Luika mine and the company's next project in the pipeline, Singida.

Thereafter I will calculate the present fair value of New Luika by calculating the net cash flows and what effect the debt repayment will have on these cash flows. I will also explain the risks which go hand in hand with an investment in Shanta Gold, which will result in my investment thesis at the end of this...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details