CGOOF - Continental Gold Could Cross $5 Next Year But A Correction Looks Probable Near Term

Continental Gold (CGOOF) experienced a notable share price growth lately. It is more than 60% up since early June and almost 90% up year to date. However, although Continental has outperformed many of its peers, it remains undervalued, given the current gold price of more than $1,500/toz. Back in April, I wrote that Continental Gold's share price should climb at least to the $4 level after the mine gets into full production and the gold price remains at $1,300/toz. However, as the gold price climbed to $1,500/toz, Continental Gold's share price increased

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