GoGold Resources - Imminent Silver Production, But Incredibly Overvalued
- GoGold's share price increased by 50% since my previous article, which surprises me.
- An updated NPV calculation taking the lower silver price and higher taxes into consideration shows the flagship's project's fair value is just a fraction of the current market cap.
- I think the acquisition of Santa Gertrudis is an excellent move, but shouldn't be overestimated.
- GoGold Resources is overvalued and I expect the balloon to deflate when the "near-term production hype"- will be over.