RE:RE:RE:Any One elseForbesa13 wrote
I agree 100% with your post but with this management teams track record I'm fairly hesitant here to double down here, even though I really want to. Do you have any sense what the financing market is for a project ljke this?
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I havent got a clue about financing and whats holding it up. Its not like they need 5 or 6 hundred million to build the project from scratch.AOT has everything just needs some upgrades and is ready to go. Its hard to believe that nobody would be interested in investing such a relatively small amount to get a mine with this potential operating.
Argonaut gold just raised aprox. $500 million to finish the Magino project debacle.It would seem that AOT should be able to raise $100. AOT has had a lot of private placements over the years with seemingly no shortage of investors in those. Not sure what the problem is now.
Personally although i see the potential here and believe there is a good chance of making some serious money here in time while i am quite tempted i have not yet bought any shares. The reason is that while AOT is cheap with an aprox. $160 million market cap. a company like Argonaut which is currently producing 220 000 ounces per year and will be a 400 000 ounce low cost producer in a couple years sits with a current market cap of aprox. $315 million.
Not trying to pump it i just like to compare different stocks to see which is the better value and at the current time it appears Argonaut is a much better buy at these prices as an existing producer with a major project financed, under construction and complete in 9 months while AOT has no production and sits in limbo hoping for a financing deal whenever one comes along.
I am keeping a close eye on AOT but for now am putting money into Argonaut. Hopefully in time i can own some of both.
Good luck to all.