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Meadow Bay Gold Corp are a gold focused junior, early-stage explorer with enough resources for a long-life mine with three exploration properties in USA. They have approximately 1Moz. of gold in the reserves and resources category of which 0.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$3.22M which is a fall of roughly 51% over the last ten months. As of 03/31/2017 they have no debt and ~C$0.12M cash. They have 94M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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Profitability (by resource)
Future Valuation (Cash Flow & Totals)
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New company. Got lucky on their initial drilling at an old mine in Nevada. Looks like a mine.
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
1 Yr Stock Price High ($)
Stock Price Change From 1 Yr High (%)
Stock Price USA 5-Year High ($) (including date)
$1.88 - 2/1/2011
Stock Price USA 5-Year Low ($) (including date)
4 Cents - 1/29/2016
Unknown. New company. Company presentation over a year old.
Local Issues (wag)
Excellent infrastructure, including water and electricity.
Country of Incorporation
Atlanta mine, past producing mine from 1975 to 1985. Plus, 10,000 acres of exploration potential.
Significant silver at 3.8 million ounces historical resources. This is likely to double or triple.
Shareholder Friendly (wag)
Low dilution currently. They need to raise some cash, so it will dilute in the near term.
Potential flagship, but they will need to find a lot more gold.
Ore Grade (wag)
Past production was 3 gpt. This will likely be between 1 to 1.5 gpt.
First new drilling results in August 2011 was 2 gpt over 20 meters. Not bad. October 2011 results found porphyry extension at 1.5 gpt
11/23/2013: Decreased rating from 3.5 to 3 because they are out of cash and the project is progressing slowly.
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