RE:RE:AGG Announces 66% Increase in Mineral Reserve to 1.25m Oz Can't argue with what you have written.
Mr. Market seems unconcerned with trenching results portending even greater upside potential, license renewals and even impressive reserve/resource reratings.
It appears that the only thing that matters to Mr. Market will be AGG's ability to get the ground into production, either alone (ain't gonna happen imho), in partnership or joint venture or putting it / AGG into the hands of a better financed party who can.
From an intrinsic value perspective, AGG is a headscratcher in the sense of having a very high value in relation to market value, and is what makes AGG such an interesting opportunity at this point in time.
In a few days we are into the final quarter and Management has represented that 2021 will be a "transformatonal" year, so we shall see what transpires or if there is simply a massaging of the defintion of "transformational" to mean that which has already been achieved ie the reratings, renewal & trenchings etc.