RE:RE:RE:RE:RE:RE:Serious suggestionSpence4 wrote: . Yes, this is smaller than ORE's, but AGG's capital costs will probably be half and its processing costs much lower. At a current market cap of CAD $19MM, if this were to triple to a mere CAD 60 cents, that would result in a market cap of CAD 55 - 60 million which is cheap if the CAD after-tax NPV can get up to $200USD (CAD280 or ~ CAD 1.00 per share).
Hi Spence, welcome to AGG. Very well written post. You are obviously quite knowledgeable. I've highlighted in your post what to me makes AGG a very strong play, it's the low capital, low cost to mine that makes it not only viable but potentially extremely profitable. The update reseve will be very interesting indeed. I believe your projections on updated reserve are low, I forcast that's what it would have been if they hadn't done the extended zone in phase 2. I forsee closer to 1.5MM, both phase 1 and phase 2 combined. Again, just my belief, as you said - we'll see.