Artemis Gold Inc V.ARTG

RE:RE:RE:RE:RE:RE:RE:RE:RE:Flies In The Ointment

[AlwaysLong683]

That's right metal - keep using very outdated cost estimates calculated before inflation and interest rates jumped higher by the most in 40 years along with gold prices which are currently at all-time highs in your calcuations.

I suspect ARTG will not only exceed their 2021 Feasibility Study cost estimates, but you do realize that 89% of their gold production for the first 2-3 years remains unhedged? What matters for the vast majority of ounces they produce over that time period is not what the gold price is now, but rather what it will be in late 2024 onward (well over a year from now) when they actually have ounces to sell (provided there are no delays up to first pour).  The question is, will the price of gold be higher than its current all-time highs, about the same, or lower.....? No one knows, including you.

I like ARTG's Blackwater Project, but prefer to look at it as realistically as I can. Someone else who posts on this BB and shall remain nameless (metalhead) seems to love putting on his rose-colored glasses whenever someone points out that perhaps ARTG management could improve their analysis / communication with the investment community and bring their numbers up to date here in mid-2023.

I win again. Two in a row!