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Evolve Canadian Aggregate Bond Enhanced Yld Fd ETF V.AGG


Primary Symbol: T.AGG



TSX:AGG - Post by User

Comment by jdn55on Jun 04, 2014 9:47am
165 Views
Post# 22628349

RE:RE:RE:Papilllon

RE:RE:RE:PapilllonI know they have a good project but that's a pretty high price BTO paid for Papillon (approx. $100 oz in the ground) given it's a PFS stage Mali play and given beat up valuations in junior gold sector in general. Nice to see though and hat's off to Papillon management for negotiating this deal. It makes me even more optimistic for the future of AGG but obviously there is still a lot of work to be done. Based on the Papillon deal metrics you could simplistically make the argument that AGG should have a $270 - $300MM market cap assuming our upcoming PFS and FS maintains similar metrics to the July 2011 PEA. That's a $1.50 a share BP!!! AGG is still very much a show me story but the should change come this fall. GLTA
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