Atlant_tys from yahoo posted the following:

"Atlantic Gold www.atlanticgold.com.au / is the best comparison to use. They have 209.7 million shares O/S and trade for $0.14 a share.

Atlantic owns 60% of two properties in Nova Scotia. Their gold resources ammount to 617,000 oz. They have about $1 million in cash and no debt. The market is currently giving the company only $48 per ounce.

Annapolis Gold owns 100% of four properties in Nova Scotia. Annapolis will issue 35.7 million shares on June 27. Their gold resources amount to 1.5 million oz."

Comments