Brien Lundin, in the February, 2017, edition of the Gold Newsletter, refreshes his buy of Atlantic Gold Corp., recently 95 cents. He previously said buy in September, 2016, at 90 cents. A $1,000 investment then is now worth $1,055. Mr. Lundin is a fan of Atlantic's MRC (Moose River consolidated) gold property in Nova Scotia. The property is a collection of gold deposits that Atlantic wants to turn into low-grade, open-pit mines. It has already established a life-of-mine plan for some of the deposits, and is looking to expand that plan through a drill program at Cochrane Hill, a satellite deposit. Cochrane Hill is currently estimated to contain 251,000 ounces of gold in the indicated category and 298,000 ounces of gold in the inferred category. Atlantic wants to upgrade those resources to the measured and indicated categories and bring them into the overall mine plan. "So far, so good," is Mr. Lundin's assessment. Although the assays from the program have not been "blockbuster" quality, they are getting the job done by establishing continuity of mineralization. Mr. Lundin concludes that Atlantic offers "great value" as a near-term production story. The stock is a buy at current levels.
© 2024 Canjex Publishing Ltd. All rights reserved.