RE: RE: Anyone?I don't buy that the Northgate Acquisition was a bad property. The Young Davidison itself was well worth it. Safe jurisdiction, significant upside in terms of production and resources (look for Q1 update).
Aurico is trading at the very low ends of the multiples compared to other co and they're only being put in the penalty box because everyone wants to see if they can actually bring the mines up and running.
So your choice is either to wait and see and pay significantly more when the mine is up and running or buy/hold and let them run their business.
Just a reminder, almost all the analyst said it was a wait and see story for Aurico last year and they went from $6 to $14 by the time the analyst started giving them some value.