Post by
CAGRInvestor on Apr 08, 2023 7:07pm
Road to 40-80$ Aris Price
At the current gold prices of 2000$ and rising, Aris is a 250k ounce/year producer and with current asic of 1050$ we're looking at 250 million USD profit and growing as the price moves up. The market cap is only 500 million CDN. This should be a 1-2 Billion Market cap at minimum with current yields.
Then take into account development to get to 1 million ounces in the next 1-2 years, when gold may be at 2500$ by then, we could be looking at 1.5 billion USD profit a year which means we should have a market cap of 5-10 billion.
Only a matter of time before large institutions gobble up remainig stock which is minimal as insiders own a large chunk of Aris. These large fund buys will send the price skyrocketing. Hang tight were on the verge of something special.
Sincerely,
Gold bug.