The history of Alacer Gold (OTCPK:ALIAF)
(ASR.TO) hasn't been a conventional one. Once a junior gold company
focused solely on Turkey and known as Anatolia Minerals, Alacer came out
of a merger of Anatolia and Avoca Resources in 2011 that added assets
in Australia. Recently the company sold its Australian assets and has
essentially become Anatolia all over again - a company with a very
low-cost producing gold mine in Turkey, but one with very limited
conventional production life left.
Alacer does have some
worthwhile exploration assets in Turkey (which it owns through a 50/50
joint venture), as well as follow-on expansion potential at the core
Copler mine. The real key, though, is moving forward with a plan to
process sulfides - a move that would unlock more than 60% of the
company's measured and indicated resources. With declining gold prices
making investors and analysts exceptionally nervous in general, and an
uncertain path forward with the sulfide process making them specifically
nervous about Alacer, there could be some real value here.
Continue reading here:
Alacer Gold Looks Like A Low-Cost Miner That Nobody Wants To Love
No comments:
Post a Comment