Coral Gold introduction – This Company Has My Attention

October 30, 2017

At the recent New Orleans Investment Conference I was introduced to Coral Gold Resources (TSX.V:CLH & OTCQX:CLHRF). We all know the President and CEO David Wolfin very well as he is the one running the show over at Avino Silver and Gold Mines, a Company discussed on this site with Chris Temple and Byron King.

Coral Gold caught my attention for a couple reasons outlined below…

  • Recently sold it’s Robertson Property in Lander County, Nevada to Barrick for a sliding scale royalty between 1-2.25%.
  • Received a cash payment of US$15.75 million on the sale. With most of that money still in the bank the Company’s market cap is less than it’s cash in the bank.
  • Currently buying back shares and has less than 50 million shares outstanding.
  • Exploration upside with 3 properties that have very little to no prior exploration.

I am completing my DD before investing but if anyone has any questions or comments on the Company please comment below or email me at

Click here to visit the Coral Gold website for more information.

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