RE:RE:RE:RE:RE:One of These DaysTrekie7 wrote: GD, IMO, the biggest issue AGG has is a lack of sex appeal. There is nothing sexy here. Just cold hard OZs that are easy to get to and easy to separate from the other elements. What do I mean by this:
Most of our generation is into sexy attractive stuff. High grades are sexy. What most investors do not get is high grades with a very high cost to mine and separate don't necessarily translate into profits, but this is what sells - high grades. What needs to sell is high ROI and high profit plays - like AGG has, regardless of the grade.
The DFS was clear, alot of money will be made here. The oversubscription on this current financing is clear - investors that understand how to make money are buying more, granted at lower then desired prices, but they are buying and still taking on risk. They are only doing this by understanding the risk and applying probability analysis of return vs risk equation and making an investment decision.
Bottom line, 11MM have been added to the kiddie. This will buy lots of drilling and likely feed into the startup of the plant. I believe we are in very good shape and as I stated in my last post, getting to 1MM reserve is a key variable. This will add some sex appeal to the project. JMO, GLTA.
Ok thanks, T7, for the replies.
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GLTA