Estimated valuation report(REPOST WITH CHART) This is an estimated valuation of AR(per share) using mineral reserves and mineral resources, proven and probable data. Gold price for estimated valuation $2000 oz, with an abitrary cash cost of 700(In between low/high of the gold minning industries average cash cost).
303,000,000.00 tonnes x .71 grade / 31.1034768(gram-ounce convertion) = 6,916,590.109308937 oz
6,916,590.109308937 oz x (2000 - 700) = 8,991,567,142.101618 / 796,615,000 shares float = 11.2872179686569 per share
AR CHART : Apprehensive-Goose10 (reddit.com)
With this being said, and considering the fact Febraury earnings report predictions is still forecasting in the negatives, AR price action has traded at the bottom of the consolidation channel since 24th June 2022, DXY double bottom 4 hour looking to pump again, and gold will move in contrary to the DXY. Perfect weather for another short rally if you ask me.
AR bearly broke through the top of pennant, market isn't perfect as the short isn't invalid till price hits fib extention over pennant.
AR CHART : Apprehensive-Goose10 (reddit.com)
And if AR doesn't make a short play here, you can refer to the chart I posted which predicted this last bull move quite well.
AR CHART : Apprehensive-Goose10 (reddit.com)
!REPLIES!
USING SENTIMENT AND/OR "A WARM FEELING YOU KEEP GETTING". I DON'T CARE HOW YOU FEEL OR WHAT YOU PERSONALLY THINK. SHOUTING OUT RANDOM PRICES WILL NOT MOVE THE MARKET AND INSIDER BUYING ISN'T NEW IT'S BEEN A THING SINCE AR FIRST SOLD SHARES AT $.45, THAN PROCEEDED TO DIP DOWN TO $.38.
!WILL BE IGNORED!
CHARTS, IDEAS, EQUATIONS, AND PRODUCTIVE QUESTIONS WILL BE REVIEWED, ANALYSED, ANSWERED.
THANKS