RE:ARGONAUT GOLD is an excellent play here.If gold were to reach 1300, AR would likely be at 3. That was the price last January when gold reached 1300.
AR dropped 30% over the past few weeks. Yes gold dropped but AR dropped much more than the average gold miner. Shorting and the overall abandonment after the recent rally are the likely causes.
There is a belief that gold will likely bottom at 1000 before going up for real. The good news for AR is that likely won't drop below a dollar. It would get to the point where the balance sheet is worth more than the market cap for a productive company.
AR will go up, but it will take a few years.