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Argonaut Gold Inc T.AR

Alternate Symbol(s):  T.AR.DB.U | ARNGF

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.


TSX:AR - Post by User

Comment by invest234on Jun 02, 2020 8:47pm
147 Views
Post# 31104336

RE:RE:RE:RE:RE:RE:RE:RE:RE:I really like this Magino Deposit.

RE:RE:RE:RE:RE:RE:RE:RE:RE:I really like this Magino Deposit. "Argonaut will never have the cash flow to pay for it."

you say never as if that is 100% certainty. how can you be so sure?
ar current production plus alo production when they ramp up their second leach pad gives very good cash flow at $1700 gold. then with a small loan they can build ana paula first which does not require that much initial cash and the high grade very low aisc ana paula would add a huge amount of free cash. that should give them enough to build magino by themselves.

and what if gold goes to $2000, are you still 100% sure they will never build magino?

Bayfox wrote:
Who's the dreamer Phatboy2, Detour cost 1.5 billion or more to build, Argonaut will never have the cash flow to pay for it. Check my previous posts, I am a Argonaut fan and also invested in Detour. I love Argonaut for the price swings and volume, easy pickings for making money, if you are investing in blocks of 10 to 20 thousand shares. Many times I've done swaps and increased my holdings. I believe we will be over $5.00 by next year, where will you be?


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