RE:RE:RE:RE:RE:RE:Things are heating up...Correct Highper. We'll have to agree to agree!
AR holds some real dog assets. I believe most of those are going into Spinco as ALamos doesnt want the trouble!
Magnino has had lots of issues - mostly on the build out. Production wise seem to be behind the curve. Unfortunately, this is the norm for new mines!!!! Look at Iamgolds Cote project!!!! Its a problme in the mining buinses. Having said all that, Magnino is still increasing production (maybe 150k oz this year) and theyll make money short of a total collapse in gold price. Alamos clearly sees a path forward. I think it will be a win for them as they have the resources, financial and human, to get Magnino to where it needs to be.
I was tempte on AR over the past 9 months. Even more so 2 weeks ago when it crashed to 22 cents. Never had the balls or excess cash lying around. Ultimately was better off elsewhere.
highper wrote: Point taken larry. All i can say is I superficially scanned the argonaut presentation and saw the debt numbers. I also noticed that argonaut appears to have had production issues at magino and that it has other projects which on superficial observation look to be mostly serious liabilities.... But in essence you were correct to point out that evaluating an in situ deposit and a deposit that is producing gold are two different kettles of fish..