On April 14 of this year we added TomaGold (lot.v) to our portfolio and since then we have seen a double in the share price. The releases discussed in today’s interview could prove to not only establish a floor in the share price, but also set the stock up for another leg up over the next few months.
Since May 31st, TomaGold have been releasing two acquisitions as well as drill results from the JV with IAMGOLD on its flagship property Monster Lake.
The three properties should all be news generators in the relative near term (1-6 months).
An update from the company was long overdue so when we finally had the opportunity to talk to David Grondin, we discussed all three releases in one go.
Topics of our talk:
1) IAMGOLD continues to spend money on exploring Monster Lake, hence a continued free ride for TomaGold.
2) The Obalski Property is a former mine just 30 kms from the Monster Lake Project.
3) Through TomaGold’s latest acquisition the company becomes JV partner with Goldcorp.
Related press releases:
* TomaGold Acquires the Obalski Property and Consolidates its Position in the Chibougamau Mining Camp (May 31)
We do apologize for some sound quality issues in this interview.