Argonaut Gold Inc ARNGF

Primary Symbol: T.AR Alternate Symbol(s): T.AR.DB.U

Metals & Mining Gold

Argonaut Gold Inc. is a gold producer with a portfolio of operations in North America. The Company’s operating mines include Florida Canyon, Magino, La Colorada and San Agustin. The Florida Canyon Gold Mine area is situated in northwestern Nevada within the Basin and Range physiographic province. The Magino mine property is a past producing underground gold mine located 40 kilometers (km) northeast of Wawa, Ontario, approximately 14 kilometers southeast of the town of Dubreuilville. The property consists of seven patented mining claims, four leased mining claims and 69 unpatented mining claims totaling 2,204.495 hectares. The past producing La Colorada gold-silver mine property is located approximately 40 km southeast of Hermosillo, Sonora State, Mexico. The San Agustin property consists of four mineral claims totaling 1,065 ha and is located in the northern San Lucas de Ocampo Mining District.

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Argonaut Gold Inc > Only reasonable decision was to sell Magino

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Comment by ARNGFInvestoron May 17, 2024 10:32am

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Post# 36045350

RE:RE:RE:RE:Only reasonable decision was to sell Magino

Goldens,

I agree that Spinco seems low. Based on my math below is what I beleive the market is currently valuing Spinco at in USD. I use my share number for the example below.

900000 shares of ARNGF X .0185 =16650 shares of AGI

16650 AGI Shares X 16.82 (current price) = $280,053 USD

900,000 share of ARNGF X .3358 USD = $302,220 USD

ARNGF Current Value $302,220 - $280,053 = $22,167 USD

$22,167 / 900,000 shares of ARNGF = .02463 USD

I believe Spinco is worth more than current market value. I maybe wrong.

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