RE:RE:Things are heating up...STOCkzor, really???? You gloss over 2 key things:
1) AR has spent hundreds and hundreds of millions building Magino out and its in production!!!!!!!!!!!!!!!! Takes down effective price per oz to around $20!!!!!! TUD probably still has to spend another $100 million before they could even consider moving into construction for a multi billion dollar project!!!!
2) You ignore how far out TUD is from production. They dont even have reserves yet! Permits! Enviro studies will continue for years!!!! DIscount back whatever AR got per oz (less what TUD needs to spend per oz to get into production) and discount it back 7 years at 10% a year!
I expected better from you zorg
stockzorg wrote: This acquisition of Argonaut is for Magino. $325 million for 5.38 million oz Au or $60/oz. M&I grade is 1.16g/t and Inferred grade is less than 1g/t