There could be a big pop in the share price of AR soonIf they were successful in getting Magino into full blown commercial production in Q3 which is ending next week, there should be a big pop in the share price here..
It's amazing to me that a major or more likely an intermediate gold company has not attempted to buy AR out by now.. Magino is going to be one of the biggest , most profitable gold mines in Canada for the next 20 years.
The market cap is at about 500 million $ cdn with 70 million in cash ( yes there is debt to be paid but not too big) even though the Magino mine took 1 billion $cdn to construct.
An intermediate gold company could offer ninety cents a share ( approx. 750 billion cdn dollars ) and they would still be getting Magino for under a billion dollars, with the 3 mexican mines and the Florida mine and the future money from Heliostar thrown in all for FREE...
Seems like a no-brainer, but Major gold companies are notorious OVER-PAYERS for take-overs so being as the poor businessmen they are, they will probably wait till AR has a market cap of 1.5 billion $ to finally try to buy it out...