$AGX released some new drill results yesterday, and they're looking pretty solid.
- 4 holes have been completed at Tangana 1. Some highlights are extremely impressive
- 928.13g/t AgEq over 1.38 metre interval
- 631.71g/t AgEq over 0.92 metre interval
- The first 1,091m in the 25,000 program has been completed. Only 3 of the 4 drill results have received a final assay.
- 9,700 metres are aimed at expanding knowledge on and upgrading the quality of the Tangana inferred resource. Pretty good numbers at the beginning of the campaign. As they drill more, I expect some more great results to come.
Full article here: https://ca.finance.yahoo.com/news/silver-x-intersects-928-13-110000761.html
$AGX is an exploration-stage mining company based in Peru, but they're already in production! A capacity of 600tpd allowed them to generate $6.5M in revenue for the first half of 2021, and permitting is underway to upgrade output by 20% to 720tpd. The additional revenue allows them to increase cash flow while minimizing stock dilution.
Accounting for the exploration potential plus their production, $AGX is one of the lowest valued miners. A $41M market cap looks pretty solid right now; IMO, this could very much be the bottom as they increase production and send out more drill results from the campaign.