Artemis Gold Inc V.ARTG

about the Oct.24 News release:

[geolteacher]

I like what I see in the news release. Hopefully I'm not naive.

Any thoughts?

• DERISKING. "Procurement is 96% complete." 
• HEDGING.  "the Company has entered into gold forward sales agreements to deliver 190,000 ounces of gold bullion between March 2025 and December 2027 at a weighted average sales price of C$2,851 per gold ounce, which is more than 40% higher than the gold price assumption in the September 2021 Feasibility Study."
• ACCELERATING the PHASE 2 EXPANSION.  "a study to evaluate the benefits of advancing the Phase 2 expansion earlier than contemplated in the September 2021 Feasibility Study is progressing well. The results of this study are expected to be released in early 2024."
• COSTS are ON TRACK. "To date,...the project remains within our guidance for initial capital expenditure and on track for first gold in H2 2024 as planned."

[tomgranite]

Things are going according to plan and on budget. This is reassuring given the inflation situation. Updated FS next quarter should be an improvement. I've opened a position and look forward to the next 12 - 18 months of newsflow.

[houbahop]

I also have started accumulating a position in ARTG. I have learnt about the existence of the mine on the OSK SH forum. The financial numbers look great and the more I dig into them, the better I like. The only way I can explain the opportunity to buy shares at little more than 1/3 the NPV 5% with gold trading at $2000/oz is the overhang created by the warrants. Anyone sees any potential

[rdy2rumble]

Your welcome

[houbahop]

Txs!  ;)

[rdy2rumble]

Soooo proud of you Tom,, congrats eh... Great to see you have an open mind.. Enjoy the ride as I'm sure it's going to be a fun one once we get past this market weakness.