RE:The 20 Best Risk/Reward High Return Gold & Silver StocksPro Argonaut Gold: Argonaut Gold is a solid mid-tier producer. There is a lot to like about this company. Their production is forecasted to grow from 135,000 oz in 2015 to 400,000 by 2020. They have two producing mines in Mexico with all-in costs around $1100. They have three more mines to build (two in Mexico and one in Canada) and all of them are similar. This is a very smart company that purchases economic projects with solid resources, low capex, and moderate cash costs. All 5 of their mines should produce 80,000 to 150,000 oz at low to moderate cash costs. Currently their cash costs are higher than investors expected. This is why the stock has crashed from $10 in 2011 to .93 cents today. They have $44 million in cash and very low debt ($5 million). It's amazing that a growth company that has purchased 2 companies (Pediment Exploration and Prodigy Gold) and a large project (San Agustin), and built two mines, has no debt. They need to build 3 more mines over the next five years, so that will take some debt. Anyone who analyzes gold mining stocks has to be impressed with this stock. They have executed like pro's. They now have 12 million oz of M&I and excellent exploration potential. The only question to ask is how big is this company going to get? My guess is that they will continue to buy projects and build mines. With a FD market cap of $145 million, the upside potential for this stock is excellent. They are only selling at $10 per oz for my estimated future reserves. I think they have 20 bagger potential at higher gold prices. Read more at https://www.stockhouse.com/companies/bullboard/bullboard/t.ar/argonaut-gold-inc#PKwhCat7vqJTuoUp.99