Post by
metalhead666 on Nov 04, 2023 10:47am
Thoughts on ARTG going forward...
What's not to like? On time, on budget, half built, prime takeover target, gold now has tailwinds instead of headwinds with the "dovish" FED and sinking Jobs number as well as looming slowdown if not outright recession. "Let your winners run" is fitting. There's no reason ARTG shouldn't continue to trend higher. I intend to hold until commercial production or a takeover. It's all been de-risked and the share price should reflect higher gold prices through 2024. It's certainly possible now that sentiment shifts and that can be explosive like it was in 2016. There were many doubles and triples then so a $10 to $12 CDN price target over the next 12 months looks good to me. Winter will be quiet as it usually is but the updated optimization should be a good read and if gold and miner sentiment has really started to shift then we could see that price target or better in a matter of months.