Impressive CompanyI've been doing my due diligence on Jag and must admit, I am quite impressed. The market seems to have overlooked the entire story with the growth potential up to 300,000+ ounces over the next few years.
I hadn't invested in Jag before, but it has been on my radar. What had originally held me back was the lack of a track record of management. But, given they have already brought up 2 operations practically up to full steam within 2 years has me confident they can continue to convert high grade ounces into production pretty fast.
My only concerns have to do with the hedge book of roughly 50,000 ounces, but it seems it will be whittled away at a brisk rate over the next few years. I'd also like to see more management share ownership in the company. It seems that particularly in the last quarter they doused themselves with a nice package of options.
But, if Jag can pull off their ambitious growth plans, with the same price of gold, they can easily double to catch up to the net asset value of the pier group....