I was looking at this [b]$GLDG .0099 HUGE DD/CHARTS "MOST UNDERVALUED GOLD & COPPER PLAY", Here is Why?
FULLY REPORTED, INSIDERS HOLD 27% OR 11.4 Million Shares!
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[b]Was Trading over .20 Last Year. More recent .14, Currently at .0099...Well Trading in the Coveted "GOLD: & "COPPER" Sector where Gold is over $1700.00/OZ and Copper is at $3.67/pound
[/b] [b]Imo this could easily be trading at .25-.50/Share, especially considering our Absolute Tiny SS![/b]
[b]Just know we are expecting NEWS/UPDATES and HUGE HUGE REVS Shortly!
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[b]Confirmed Share Structure[/b] >>
O/S 42 Million
[b]""FLOAT only 37 Million""
[/b]A/S only 75 Million
[b]Only a $250,000 Market Cap!
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GLDG is a new junior mining and exploration company trading on the QB Tier of the OTC stock exchange. Incorporated in Nevada, with its head office in Edmonton, Alberta, Canada, GLDG owns gold placer mining and mineral rights to three properties with exciting potential in northern British Columbia, Canada.
[b]What are the specifics of the current GLDG Projects?
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GLDG has 3 projects in BC. They are progressing all 3, and each is in its own unique stage at this point. Per the company website, GDLG is in the process of raising capital (~$500K) to advance different projects and create more shareholder value. New sites and mineral rights are always being prospected for acquisition.
[b]The DYNASTY property was acquired from VRC Ltd. in December, 2009, this property consists of nine mineral claims in good standing until October 31, 2013. The geology is similar to that of the unusual Carlin Unconformity, an area where more than 70M oz. of Gold have been recovered.
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[b]The McDame property is considered the crown of the GDLG operations at the current time. The Company anticipates revenue in 2012 to be approximately $681,500 per month less 15% gold impurities of $102,225 consisting of silver which is paid for at the end of every month but not calculated into the profit equals $579,275 minus operating expenses. Anticipated production costs for 2012 are estimated at $175,000 monthly, yielding a net profit of $404,275 for a five month gain of just over $2M. The Company estimates there could be eight to ten years of mine life at the present production forecasts. [/b]
[b]The Thibert Creek property consists of 11 claims and 28 units, and GGC anticipates investing up to $200,000 in the Thibert property in 2012.[/b] The operational expenses are expected to be very worthwhile given the company’s estimates on potential property worth and revenue generation. Ergo, a capital cost investment of approximately $3.5M is expected considering testing and verification to full production will require about twelve months.
[b]What recent progress has GLDG made?
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Sufficient exploration has been conducted to encourage GGC to begin mining at its McDame Property in the spring and summer of 2012, with the expectation that the Company will generate a profit of $1.3M during the five month mining season.
[b]GGC has already transported the required washing plant and heavy equipment to the site in preparation for the commencement of mining in May, 2012. In early April, GLDG announced that ‘it is preparing to commence further advancement towards production on its McDame Deep Creek gold property in northern B.C. A crew will be dispatched shortly to the property to start work on the wash plant and put in place equipment so it will be ready for the summer mining season. As soon as the winter road bans are removed additional equipment well be arriving on site. Start up Production is expected to begin in June with full production commencing in July and continuing until November.’[/b]
[b]“Gross revenue in year 1 is set at $2.06M, reflecting only five months of revenue. Revenue is expected to increase to $4.13M in year 2, $5.16M in year 3 and to $6.19M in years 4 and 5.” GLDG “will show a net income of $576,000 in the first year of operations, on sales of only $2.06M, due to the start-up process. After tax profit will then increase to $2.48M by fiscal year 5.”
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[b]Golden Global Announces Sampling Results at McDame Deepe Creek of 14 oz. Gold Per 1700 Cubic Yards and Plans to Process 30,000 Cubic Yards Per Month
EDMONTON, Alberta, June 12, 2012[/b] (GLOBE NEWSWIRE) -- Golden Global Corp. (OTCBB:GLDG) is working on arranging financing to activate operations on its McDame Deepe Creek gold property in B.C. Canada.
[b]The McDame Deepe Creek property has been tested with bulk sampling consisting of 1,700 cubic yards of material processed yielding 14 ounces of gold.[/b]
[b]The Company's plans are to process up to 30,000 cubic yards per month until the end of October when weather conditions become too severe to continue.[/b]
Deepe Creek has cut through the old buried gold bearing channel of McDame Creek flushing the present gold in Deepe Creek from the old channel as has been the case in all the gold deposits mined in the present location of McDame Creek where creeks cutting across the old channel to the north have deposited gold into the present McDame Creek channel, thus indicating that the old channel carried a large quantity of gold.
Once the old channel is intercepted as Golden Global mines up Deepe Creek towards the old buried Channel of McDame Creek the gold values will likely be substantially higher. Approximately three and one half miles below Deepe Creek where a tunnel was driven into the old buried channel of McDame creek by McDonald and J. Hamilton in the early days where the First North Fork cut through the channel, 400 feet of tunnel is reputed to have yielded $400,000 in gold at $18.00 an ounce for the metal. Information obtained from the B.C Minister of Mines Report, 1931.
[b]Golden Global Corp. Announces Final Steps to Secure 20,000,000 Tons of Copper Ore Mineral Rights in Southeastern DRC Africa
EDMONTON, Alberta, May 29, 2012 [/b](GLOBE NEWSWIRE) -- Golden Global Corp. (OTCBB:GLDG) is pleased to announce it has dispatched consulting geologist Dr. Duncan Bain to southeastern Democratic Republic of Congo, Africa along with Company director and African representative Kami Munakazi to finalize securing the mineral rights to a large copper deposit, estimated by local experts to contain 20,000,000 tons of ore. Dr. Bain will be compiling a geological report in mid June 2012. [b]Samples obtained from the Tanganyika deposit in 2011 and assayed by Inspectorate of Richmond, British Columbia, Canada for Golden Global returned the following results: Gold (Au.) 1.626 grams of gold per ton, Silver (Ag.) 1071.6 grams of silver per ton (equivalent to 34.45 ounces per ton), Copper (Cu.) 29.50% copper per ton, (equivalent to 649 pounds of copper per metric ton), large porphyry copper deposits throughout North America usually average below 1% copper.[/b] The assay also returned significant values in Antimony, Bismuth and Zinc. [b]"The estimated value in U.S. dollars of these copper deposit rights could be potentially very significant," said John R. Hope, CEO of the Company.[/b]
https://nvsos.gov/sosentitysearch/CorpDetails...%253d%253d
HERE IS THE 10-K SHOWS THE MAPS/LOCATIONS/PICTURES AND FINDINGS....AMAZING >> http://www.otcmarkets.com/edgar/GetFilingHtml...ID=8843262
[b]MORE GREAT DD TO COME....JUST KNOW THAT AT .006 THIS A MONSTER OF A STEAL, So while this is still a HIDDEN GEM, Grab the CHEAPIES..MULTI PENNIES VERY SOON...Considering it is BULLISH at .25 >> http://www.stockta.com/cgi-bin/analysis.pl?sy...mode=stock
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[b]DAILY CHART >>
[/b] http://stockcharts.com/h-sc/ui?s=GLDG&p=D...3875275203
[b]WEEKLY CHART >>[/b] http://stockcharts.com/h-sc/ui?s=GLDG&p=W&yr=1&mn=0&dy=0&id=p42666189638
