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Artemis Gold Inc V.ARTG

Alternate Symbol(s):  ARGTF

Artemis Gold Inc. is a Canada-based gold development company. The Company is engaged in identifying, acquiring, and developing gold projects in mining-friendly jurisdictions. The Company operates through a single segment: the exploration and development of mineral properties. The Company is focused on the development of the Blackwater Gold Project (Blackwater Project) in central British Columbia. The Project is situated in central British Columbia, approximately 160 kilometers (km) southwest of Prince George and 446 km northeast of Vancouver. The Company has 100% interest in 328 mineral claims covering an area of 148,688 hectares (ha) distributed among the Property and the Capoose, Auro, Key, Parlane and RJK claim blocks. The Company also holds interest in Velocity Minerals Ltd.


TSXV:ARTG - Post by User

Comment by metalhead666on Mar 11, 2023 6:08pm
130 Views
Post# 35332951

RE:Tons of Warrants

RE:Tons of WarrantsIt doesn't matter at all unless you only care about short term implications.  Fully diluted there will be 230 million shares which isn't at all unreasonable for a fully funded project that will deliver more than 300k ounces with a margin of $1000 per ounce. That's at least $300 million in free cash flow or more than $1 per share and at $1600 gold....at $2000 gold the NPV is over 3 BILLION. A 1x NPV equals a $12+ share price. Anything beyond $2000 gold is a windfall. The warrants only matter short term if the holders decide to cash in but over time that becomes a footnote and meaningless. People obsess over these things forgetting that it's how a mine gets built. Sell shares or go into debt...mines don't get built for nothing.  You'll be making a big mistake not owning Artemis here because of the warrant overhang. It's clearly the best project in N America with decades of production ahead and a high probability they get bought out for a nice premium.
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