RE:My own 2 centsHi everyone,
I have to say that I am no longer invested in AGG (but still in RBX), so you could think what you want of my post.
ZZstocks, I do agree with ADPhil on the fact that AGG's EV/Resource ratio could not be as high as other producers which should be around 80USD (according to my sources), on the simple fact that AGG is so far away to be a producer.
The effort and financial leverage that will be necessary to give birth to an operating mine is extremely huge, and even with a probable 2M$ ounces, it's not clear and definitve that financial institutions will bear them to make it happen. AGG is far to be the only one company to have such ore reserve in the market, as mentionned in the last Crux Investors interview with Danny Callow.
This business is sinking fast, and their only hope is to be saved by some long investor's with deep pockets, wich could easily be RBX. They have the perfect business model to make huge gold and profit from low grade ore.
I am not sure that I have the exact information, but Forbes and Manathan still having some warrants and stock options (and for a long time, some of them are to expire in 2024 ??) could definitly prevent that rescue, as that fact would discourage long term investor to share profit from so much efforts with them.
I only wish the best to you all AGG's investors, and so far, a mariage with RBX is the best rescue plan I can see.
On the other hand, it won't be a problem at all for RBX if that deal doesn't materialize. The company will do great anyway on its own.
GLTA
Goldenboy