RE:Alamos GoldFredfudpucker00 Excellant info. Thanks for posting on the Alamos Expantion
President and Chief Executive Officer of Alamos Gold Announces Phase 3+ Expansion of Island Gold to 2,400 tpd, Driving a Larger, More Profitable Operation with Average Annual Gold Production of 287k oz, Industry Low All-in Sustaining Costs of $576/oz, and a 31% Increase in Net Present Value (“NPV”) to $2.0 Billion at $1,850/oz Gold
The cost for this expantion inflation adjusted is a cool $1.5Billion for Capital abd sustaining costs.
Their touting a 4.6 Million oz minable resource and a mine life out to 2038.
Considering Argonauts Magino borders Alamos Island Gold and has 5 Million oz resource in the above 500Meters plus open on strike and debths below 500 Meters, Argonauts future looks good once they get through this financing.
If your a share holder now, look up and plug your nose for awhile. Sounds like something else we know about