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Hardman & Co Research: Scotgold Resources (SGZ): High grade, low cost and up and running

·2-min read

Hardman & Co Research
17-Nov-2020 / 07:30 GMT/BST

Hardman & Co Research: High grade, low cost and up and running

Scotgold Resources (SGZ) is an AIM-listed gold company, which is commissioning the first phase of the high-grade, low-cost Cononish gold-silver mine in Scotland's Grampian Mountain. In geological terms, the mine is located in the Dalradian Belt, which runs from Scotland to Northern Ireland, and is believed to host more than 5.0m ounces of gold. The company has recently raised £3.0m to begin phase two development at Cononish and fund further exploration work. Our provisional NPV valuation is 167p per share.

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https://www.hardmanandco.com/research/corporate-research/2020-mining-investor-forum-3/

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About Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies.  It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer.

 


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To contact us:

Hardman & Co
35 New Broad Street
London
EC2M 1NH

www.hardmanandco.com

Follow us on Twitter @HardmanandCo

Contact:

Paul Mylchreest



+44 20 7194 7622

 

pm@hardmanandco.com

 

To contact us:

Hardman & Co
35 New Broad Street
London
EC2M 1NH

www.hardmanandco.com

Follow us on Twitter @HardmanandCo

Contact:

Paul Mylchreest



+44 20 7194 7622

 

pm@hardmanandco.com

 

End of Announcement - EQS News Service

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