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?