The delays caused by the higgins title dispute have been a blessing in disguise because the delays mean we have avoided extraordinary dilution due to the current low gold price & subsequent low share price and with gold starting to recover nicely and the current geopolitical situation not to mention the extreme shortage of physical gold in the market place and rumours that the central banks that have been involved in suppressing the gold price may have very little or no gold left the stage is set for potentially an explosive move in the gold price in the near future which would be very timely for Atlantic gold as the they continue discussions with financiers for the Touquoy Gold project.
The positive outcome on Friday (Canadian time) re the (higgins christmas tree) court case appeal over the one remaining title at Touquoy that has been definitively dismissed by the highest level court in Canada and removed the only question mark of significance that has been hanging over this project and gives the green light for investors who have been sitting on the fence.
The current shareprice is a gift for those who have surplus funds and the share has significant shareholders with deep pockets and a growing Asian shareholder base who are long term strategic investors so this stock is not going bust and the fundamentals have never been better for gold and for ATV the boxes are steadily being ticked off and the significance of the dismissal of higgins title claim should not be underestimated and means Wally can finally focus 100% on weaving dreams into gold.
The industrial permit can now proceed and once this comes through some time in the next 60 days then Wally & Co can finalise financing and this low cost open pit gold mine can be brought into production and the significant cashflow generated can fund widespread exploration of the Meguma Terrane and Wally can do what he does best and find millions of oz's just like he did in the 90's with Plutonic Resources.
Most importantly ATV will have first mover advantage which puts them in a prime position to consolidate all the gold resources in Nova Scotia and they have the deep pocketed investors on their share register already to provide funding to expedite the process.
Interestingly the other company with a sizeable number of oz's in Nova Scotia (Acadian) has been taken over by Asian investors and it would not surprise me if these investors have taken a strategic position knowing full well that Atlantic Gold will be an obvious JV partner once Touquoy is up and running.
DYOR
ATV Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
