RE:RE:RE:RE:RE:RE:Psych and argonautgoldpsych01 wrote: Goldy---anybody can post here--it's not your business who posts here, one sided discussions are useless. This company sucks now, at one time it was quite good, now it's not deal with it.
The fact is that what any of us including me post on these boards doesnt mean anything and the performance of the company will dictate the sharerpice in the longer run. And the performance here of AR and the $400 million Magino mine that has cost $! billion and another $80 million this year in Capex is the reason why the shareprice stands where it is today no other reason.
Very good and succinct summary: IMO
yes 1 billon + Mine to build
on its own it sounds really bad especially when old management said it would cost half that.......
but if you put it into perspective the reality is that anyone who wants to build one in a tier1 juresdiction the size of Magino is going to have to budget/pay that and possibly more going forward that is if they get permits and financing
its not good enough to just have a decent reasources estimates those are the prices you are paying to start mining!
AR and its shareholders have fealt the pain of these realities