Argonaut very undervalued...At current price. Its price to net asset value is just 0.34
Its AISC for current producing operations are between $1125.00 and $1150.00 per oz of gold.
Its development assets:
Cerro del Gallo development costs are $134.0 million
Annual proposed production of 64,000 oz with a life of mine of 15.5 years.
AISC of $677.00 /oz
Magino capital costs of $321.0 million with a projected production of 150,000 oz per year.
Life of mine of 17 years and AISC of $711.0 /oz.
For every $100.00 increase in the price of gold the value of the company increases by roughly $140.00 million.
The stock is extremely cheap compared to its peers.
In my opinion the stock is worth at least $4.65 at current gold prices and its value should go considerably higher with a higher gold price.