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Alio Gold Inc. T.ALO

"Alio Gold Inc is a gold mining company. It is engaged in exploration, development and production in Mexico. Its projects include San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico."


TSX:ALO - Post by User

Post by asforecastson Nov 25, 2019 7:52pm
330 Views
Post# 30391447

Ana Paula is insanely undervalued. Alio is now deep value.

Ana Paula is insanely undervalued. Alio is now deep value.I bought in after 3rd qtr financials cratered this stock but stepped out of half when I saw the $70mil impairment of Ana Paula.  I've been looking at the technical report and believe that mgnt has mispriced this asset.  Market cap to tangible book value based on a reasonable valuation of AP is .25.  The market is valuing assets at 25c on the dollar.  Getting Florida Canyon to even subpar profit is a 3-5 bagger.  I only hope mgnt does not sell AP.  Appears that Backens is a very conservative guy and could be smart enough not to screw the pooch.  Second leach pad ramp up  in 3 to 6 months should get them into volume to spread out fixed costs.
Anyway, back in my full initial position.
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