OTCPK:ARTTF - Post by User
Post by
Traderdmon Jul 19, 2018 10:26pm
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Post# 28342537
ARV and DEG
ARV and DEGComparison of ARV to DEG, please add any other info that you might be aware of to contrast these two miners.
Arv has a moderate market cap. Raising further capital will dilute the stock, but less the Novo's huge market cap. Novo and Arv are partners. Arv has $32.5 mill in the bank less what they just spent. Arv could offset further plant costs with cash flow from its new plant. Arv has very low mining plant operating costs as it is configured, $20 to $25/ton. They could profitably operate even if gold dropped to $1000/oz.
I like DEG also. DEG has a lower market cap but will have to raise money to finance their plant build out. Deg has 7.25 mill in cash. Deg has Kirklandlake as an investor. Deg has a current 1.2 mill gold resource, which they are expanding toward 1.5 mill. Deg has a high-grade reserve, which they are drilling. Deg’s reserve is traditional in that its mill plan will be designed on a bedrock of many mills designed in the same format. Deg also has congo gold, which they say they have not explored, I find this hard to believe. They may use the congo as a kicker when they need their stock to appreciate to raise capital for the mill. Deg has a good development team.
All and all I see them as somewhat equivalent and own both companies in a ratio of 2 ARV to 1 DEG.