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Coral Gold Resources Ltd. are a junior, project generator looking for gold with three exploration properties in USA. They have a market capitalisation of ~C$18.95M which is a rise of roughly 21% over the last two months. As of 05/14/2017 they have no debt and ~C$0.15M cash. They have 49M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.
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Profitability (by resource)
Future Valuation (Cash Flow & Totals)
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The Robertson open pit project is a 2.7 million oz deposit (70% recovery). Low grade, but still economic at $1300 gold.
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
Stock Price 1 Yr High ($)
Stock Price Change From 1 Yr High (%)
Stock Price USA 5-Year High ($) (including date)
$1.81 - 3/31/2006
Stock Price USA 5-Year Low ($) (including date)
5 Cents - 8/12/2015
They have a lot of experience in the industry. I'm not sure if they are mine builders and operators, although they seem to be moving toward developing this mine.
USA (Nevada), 11,000 acres
Local Issues (wag)
Permitting will likely take a few years once they begin.
100% of Robertson
Country of Incorporation
Robertson is a 2.7 million oz surface mine (.5 gpt). The PEA is to start slow (60,000 oz per year) to keep the capex down.
Shareholder Friendly (wag)
Yes, although they likely will have to dilute before financing the mine.
Ore Grade (wag)
Low grade .5 gpt.
5/14/2017: Decreased rating from 2.5 to 1.5 after they sold their Robertson project.
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