Post by
Potadvisor1 on Apr 05, 2024 8:13pm
With TLG being a VERY VERY SIMILAR DEPOSIT
with about the same SIZE and around the same GRADE, than a very EASY and EXTREMELY REASONABLE deduction should be, that since ARTG is trading at a market cap of close top 1.8 BILLION, than it is 100% ACCURATE to say that after TLG's FS is out in May, it can EASILY get HALF the market cap of ARTG, which would be around $ 3 dolars per share based on a FD 300 MILION SHARES OUT. If that is the case, than from where we are today at .69 cents, the UPSIDE than for TLG appears to be over 400%. The question than is; does ARTG have that kind of an upside from here ???
And if NOT, than it is clear, that TLG would be the buy at this time. Hey, MATH DOES NOT LIE.
Comment by
metalhead666 on Apr 05, 2024 9:52pm
And if they dilute to 600 or 700 million shares to finance a BILLION large? And given they are AT LEAST 2 to 3 years behind ARTG they're worth only 20% of NPV at best...and it's "then" not "than" and "than" not "then"....U mus bee hihly ejucated ulik mee
Comment by
metalhead666 on Apr 05, 2024 9:55pm
And that's a good 3 years of more inflation so don't forget to use an 8% or better discount rate when you due ur ejucated mathy stuf
Comment by
Hundo22 on Apr 05, 2024 10:24pm
I'm not so sure you've been through many financings when it come to miners. There are other options beyond dilution to achieve funds required to build out mines.