Artemis Gold Inc V.ARTG

Flies In The Ointment

[AlwaysLong683]

1) Need an updated Feasibility Study. As far as I can tell, the last one produced was released September 13, 2021 (18 months ago), with inflation beginning to shoot up right around that time plus rising interest rates starting in March 2022. Thus, I suspect cost estimates for the Blackwater Project have increased significantly since that study was completed as a number of building contracts have been signed since then in a higher inflationary and interest rate environment, so it's out of date in my view and the numbers are likely not going to be as impresive (by how much is the question) if an updated study is completed and releasaed.

One thing MOZ has done right is produce an updated Feasibility Study released December 7, 2022 (5 months ago). 


2) Would like to see most if not all of those 31M outstanding warrants exercised at 1.08 to get them baked into the share price going forward. Don't like to see 16% share dilution at 1.08 when the current share price is around 4.50.