Analysts’ Take on Cardinal Resources

Ralph Aldis, Portfolio Manager at US Global Investors offers insight on gold-focused Cardinal Resources.

“Cardinal Resources, they’re in Ghana and they’ve got I think a little bit in the 6 million ounces already defined right now on the resources. The grade isn’t super high grade material but it’s your regular West African grade. Nothing that’s going to be a negative. I think just the size of the deposit is what’s going to get people’s attention. For the guys at Cardinal we’re going to keep pushing ahead and someone I think is going to find this the deposit of interest.” – Ralph Aldis, Portfolio Manager, US Global Investors