Onwards and Upwards.
JAG was a screaming buy when it got down to $4, especially after the 19 April press release confirming Q1 production of 41,449 oz.
JAG is substantially undervalued and one of the cheapest gold producers on the market.
The shorts will have a huge problem if JAG confirms slightly higher grade at depth. They will not be able to cover.
In all probability, JAG will find higher grade at depth; they only need a slight increase to shift the balance heavily in JAG favour; this will result in lower production costs.
I tend to favour JAG delaying or prolonging Gurupi construction in favour of drill testing for higher grade ore at depth.
JAG has lots of cash to get its 3 mines in great condition.
Given that JAG will produce 200K per year, with only 85 mil shares out; and 10 million shorts need to be cleared, this gives huge upside pressure pushing JAG onwards and upwards.