African Gold Group (AGG.V) has received the mining license for the Kobada project in Mali, and this is an extremely important step in the development process of the project as the mining license allows the company to start mining the property for a period of 30 years.
That’s a great achievement, but unfortunately the company’s share price is still trading at abysmal levels. We have visited the company’s project in Mali and were really very positively surprised by the quality of the resource estimate and the resource expansion potential. Now the mining license has been issued, we expect African Gold Group to be a prime takeover candidate considering the level it’s currently trading at.
> Click here to go to African Gold Group’s website
Disclosure: The author holds a long position in African Gold Group. Please see our disclaimer for current positions.
