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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 LyChaunceyon Mar 03, 2024 3:10pm
184 Views
Post# 35912174

RE:RE:The Perfect Storm

RE:RE:The Perfect StormThe absolute best case scenario would rise to somewhere around 45 cents? Sorry this is simply not the best case scenario. Mr. Young's "multiples of 1" is not unrealistic. Considering when the two "cornerstone" projects 250k Magino and FC sulphide deposits are in shape, there could be a profile like 330k of gold at AISC about $1,400. That's 200M USD of mining FCF. The LOMs are good. $2~3 billion valuation is possible at $2000 gold. So best case scenario is a good re-finance terms with no dilution and Magino and FC really turns into the two "cornerstone" projects in a few years. But obvisouly the market has zero confidence. Another huge dilution and 200k production & $1950 AISC has priced in at current 180M ish market cap.
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