Why This Gold Company Is Our First Investment For 2017

Palisade Research January 9, 2017
Category: Research
Remember the chart we released on December 13, 2016, showing that developers moved up the most in the first leg of the bull market and gave up the least during the pull back?

We have uncovered another jewel.

Amarillo Gold (TSXV:AGC, FRA:72A) checked off all the boxes we look for in a gold company, and as we met with management and delved deeper, we realized this could be one of the most undervalued developers out there.

The company is led by mining legend, Buddy Doyle, and has a PFS-level project, located in a mining-friendly jurisdiction. In fact, the project obtained a crucial permit last year and will now proceed forward rapidly.

Preliminarily, an astute investor will have a hard time not reading on.

 
The company is trading significantly under its intrinsic value, with numerous x-factors that the market just has not seen. However, we believe Amarillo’s news flow slated for 2017 will be too hard to ignore, and management has stated plans to ramp up marketing. Everything is falling in place for Amarillo to make a splash in the New Year.
 
Palisade Global Investments Limited holds shares of Amarillo Gold. We receive either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate. The information contained in such write-ups is not intended as individual investment advice and is not designed to meet your personal financial situation. Information contained in this report is obtained from sources we believe to be reliable, but its accuracy cannot be guaranteed. The opinions expressed in this report are those of Palisade Global Investments and are subject to change without notice. The information in this report may become outdated and there is no obligation to update any such information. Do your own due diligence.
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