RE:RE:Canaccord: Sell rating and $1.20 target for Timmins GoldSo Canaccord values Timmins at about $175MM or so (vs. $381MM NPV that Timmins calculated at $1350 gold). Today Argonaut agreed to pay $75MM for a smaller resources, lower grade deposit in Mexico:
https://www.stockhouse.com/news/press-releases/2013/11/05/argonaut-gold-announces-purchase-of-san-agustin-project-from-silver-standard, no mine, just the project. Stupid Argonault, they should have consulted Canaccord. But then Argonaut makes its living mining gold, while Canaccord's analyst makes his living writing BS. Perhaps, just perhaps, Argonaut knows more about the gold market than Canaccord's analyst. JMHO.