Argonaut Gold Inc T.AR

Argonaut Gold

[Sclarda2]

Lots of debate on this board. Always good to hear different opposing opinions. Some ask why Argonauts shareprice is stuck at these levels. Lets see as many know a few years ago they started building the Magino mine which was supposed to cost aprox. $450 milliom and ended up at around $1 billion. Costs usually go over budget when building a mine but well over double is a little extreme. That alons with the other mines low grades and some running out of gold to produce along with soaring costs and its easy to see why we are where we are. 

That is the past and as they say the market is forward looking. Magino has gone from an asset that over the last 3 or so years has cost aprox $300 million a year in construction costs to an asset that should now bring in aprox. $160 million per year in Free Cashflow per year at 150 000 ounces per year of gold production.  Going from spending nearly $1 million per day to bringing in nearly half a million per day in profits is a huge change for a small company like this. 

This year if Magino produces 150 000 ounces and the other assets produce aprox 140 000 ounces we should have a total production of aprox 290 000 ounces. Magino should have lower costs and the other mines higher costs. Lets assume an AISC of aprox. $1300 US per ounce. Using a $2000 US per ounce gold price and allowing  for the hedging or aprox. half of production at i believe around $1860 US that would give Argonaut an aprox. gross profit of 290 000 ounces x $630 US or aprox. $183 Million US or aprox. $ 250 million Cdn. per year. At 8 times cashflow i come up with a market cap of aprox. $2 billion or around $2 per share.

Argonaut should easily be able to pay off all there debt by the end of this year with $250 million in cashflow they should generate this year. Then lets not forget about the $80 million they just raised which will be a big help in developing there assets especially Magino.  Next year Argonaut should have no debt left and generate another $250 million Cdn. to help develop Magino and Florida Canyon and produce even higher profits in the future.  

Alamos produced aprox. 519 000 ounce of gold last year and are expecting around the same for the next few years. There market cap. in the last few months has varied between aprox. $6.4 billion Cdn. to aprox. $8 billion Cdn.   Argonaut at 290 000 ounces this year should be around 60 percent of Alamos production.  All things being equal that should result in an Argonaut market cap. of anywhere from $3.8 billion Cdn. to aprox. $4.8 billion Cdn. That would equal an Argonaut shareprice of anywhere from $3.80 to $4.80 per share. A 9 to 12 bagger from here. Not bad. 

As Argonauts shareprice has been stuck in the 30 to 50 cent range for a few years  now it may be hard to believe in $3 or $4 shareprice but as others have pointed out a little over 2 years ago the shareprice was around $4. Of course that was with a lot less shares out but the new cornerstone mine Magino was just a dream then.

Things have been bad for this company for a few years and the market has yet to see the turn around. With Magino finished and the $1 billion in spending over and near 300 000 ounce of yearly gold production and aprox. $ 5 million Cdn. per week  in Free Cashflow currently rolling in  along with the recent $80 million financing this company is in a completely different league than its ever been before.

Load the boat at these prices if you want to make a lot of money. Then just put all the bashers on ignore and go away until the next quarterly report or two and you will be very happy with the results. and how high the shareprice will be compared to today.

[psych01]

Sclary---giving Argonautgold a run for his/her money.  You forgot to address the main issue, the probability of a reverse split---if credibility is important, if one wishes to rant pages of a glittering future, one must address all things, even those things which cause fear.  To date we have a meaningless hearsay account that management is/was not considering a rollback which equates to

[ARGONAUTGOLD]

It seems that Psych01, a user on our channel, has been repeatedly sharing the same message about a potential reverse split. This has been happening over several days. Richard Young, the CEO of the company being discussed, has recently stated that a reverse split or roll back is not currently being considered. However, Psych01 continues to disseminate information that could be misleading

[Robert88]

When guys like start bringing up the R/S BS you know they are getting desperate.. lol

[psych01]

Rob---when managers have a record like managers of AR, a R/S is a serious thing to consider for investors;  I don't know how many ways I can explain it, but ---ok, we'll do it this way, tell we the raging masses why a company that has a lot of things going for it, admitted acknowledged by me many times, sits and sits trading as a penny stock.  I.E.  what other fear could it

[okgonow]

hey Psych01 guess your trying hard to sow doubt and do the chicken little RS split dance your famous even on the CEO board i like how buddy shut you down over there !!!! here is what he said for all to read here:  "Lots of chater about a rollback on stockhouse....God when will small investors learn...share count has nothing, absolutely nothing to do with a stocks ability to go up

[PaychancePays]

Amen

[PaychancePays]

P01 clearly bought at a bad time and obviously couldn't adjust. Seems to me that P01 should be the last person anyone should listen to in regard to money management, as it's very clear P01 is still quite bitter about it. P01 is so bitter about their losses, that it seems they don't want anyone coming in now that the stock is undervalued to make money off P01's misfortune. My

[okgonow]

agree the other thing with a RS is what the ratio will be is it a : 10 to 1 ......really bad 5 to 1......still uggg 2 to 1 ....a bit of a nothing burger really and probably acceptable to most shareholders if done for a really good reason...like really good 

[Sclarda2]

"You forgot to address the main issue, the probability of a reverse spli." So thats the main issue facing Argonaut.  What can i say you  should stop making idiotic posts here and go learn the basics of how the stock market works. The amount of shares really dont mean much in the big picture i dont know why some people worry so much about that.  What matters most is what

[Lifexprt]

Needs a few more quarters Richard is bringing lots of friends onboard and you don't being friends onboard if the ship is sinking Time to buy is now and time to harvest will be in 12-18 months at 3x today's levels Sitting on a great asset with massive undeveloped resource base, Franco-Nevada knows this, GMT Capital knows this, Richard and friends also know it. This is a 2 + decade mine

[Sclarda2]

Sitting on a great asset with massive undeveloped resource base, Franco Nevado know this, GMT Capital knows this, Richard and friends also know it." And you seem to have forgotten it.

[Lifexprt]

No sclarda I still see it and will see it through under Alamos  Management aren't cowboys and the threat of bankrupcy due to broken debt covenants was getting increasingly large and unsustainable in the short/medium run  It could have gone to $1+ with billion shares but with 2 billion shares it would have gone to $.50 You will be above $.50 by the time this closes 

[ARGONAUTGOLD]

Here is the post from January 2024 of you, Sclarda, you were telling everyone what a great investment this was prior to the stock falling in February 2024.