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iShares Core US Aggregate Bond ETF V.AGG


Primary Symbol: AGG

The iShares Core U.S. Aggregate Bond ETF seeks to track the investment results of an index composed of the total U.S. investment-grade bond market. The index measures the performance of the total U.S. investment-grade bond market. The fund generally invests at least 90% of its net assets in component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities of its underlying index.


ARCA:AGG - Post by User

Comment by jdn55on Nov 21, 2014 11:32am
133 Views
Post# 23151996

RE:I agree 4 cents is an opportunity

RE:I agree 4 cents is an opportunityTreetop - I'll be civil with this post. 1. IMO only, I don't see the SP going through the roof with AGG, especially given we're still in an extraordinarily beat up resource market and also given the damage the Pinetree dump did. I do however see the realistic potential for a 5 - 8 bagger ($0.20 -$0.30) in the next 6 months though assuming all studies come in as I anticipate they will. With the new resource calc I predict a smaller MEASURED resource that will better stand up to scrutiny for debt financing purposes but when you add in the inferred the overall deposit will be about the same, well over 2MM oz and completely open. I also still predict Kobada has well in excess of 5MM oz and I also still believe, despite the snickering of some, that Kobada has a resource north of 10MM oz. I further predict the CAPEX required to put Kobada into production at a rate of 50K+ oz per year will be less than $40MM. I also predict that IRR won't be as good as the original 2011 PEA but IRR will still be one of the best currently out there for a West Africa project, far better than AKG, ORE or ROG and CAPEX requirements will be a small fraction of any of those other projects. I still stand by my earlier prediction that Kobada would still be very profitable to mine even in a $1000 oz POG environment. 2. I don't personally don't see AGG going down the tubes. They can still raise money, especially if the project metrics are as good as I think they'll be....but the million dollar question is how much more dilution will be incurred. I still believe they will be able to raise project financing capital without diluting themselves to oblivion through non-conventional financing such as a royalty or streaming deal combined with debt. Worse case they merge with another advanced stage, more well financed junior developer or a junior to mid-tier producer. There are a lot of potential dance partners out there. All IMO only. The next 30 days should tell the story. Here's hoping for a rebound in POG as we head into the holiday season. GLTA
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