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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 15, 2015 10:56am
82 Views
Post# 23830977

RE:RE:RE:RE:RE:RE:Financing

RE:RE:RE:RE:RE:RE:FinancingBP, a little perspective please. How long has it taken AKG to get to where they are now??? AGG lost about 18 months when the crisis flared up in northern Mali because they couldn't get 3rd party boots on the ground for insurance reasons. Sh!tt happens in this business and AGG was collateral damage through no fault of their own. Things should start to become very clear in the next few weeks. Mining permit is pending followed by the FS. Financing is the next step after and personally I'm confident it'll get done without huge dilution (but I fully acknowledge this is still a very significant risk). Furthermore, based on the last news release I'm becoming more confident AGG will be pouring gold not long after AKG for a small fraction of AKG's mine cost albeit on a much smaller scale. It's not a competition but that's my call. I very much like the direction AGG seems to be going and I hope this won't be the case but as an INVESTOR (as opposed to a trader or speculator) I'm prepared to wait another year or 2 if necessary to monetize my AGG holding. Believe it or not I could still see a $1 plus SP for AGG in the cards but realistically it'll probably be 3+ years to get there and a more favourable market environment. 20,000+ ozs of production stage 1 will create enough cash flow to move to stage 2 (50,000+ oz per year) and start drilling Kobada's resource and reserves up, probably with no dilution. My guess based on the recent PEA is probable CAPEX required to get to stage 2 will be $20MM - $30MM. If they get to stage 2 and POG holds at $1200 oz, Kobada will eventually ramp up to 200,000 ozs+ per year production with no further dilution. My guess is probable CAPEX required to get to 200,000+ ozs per year will be another $60MM - $80MM. Call it rose coloured glasses if you want but there is a lot of data available that supports my hypothesis if you do proper DD. GLTA
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