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Argonaut GoldAR.TOSTRONG BUYOct 15, 2012Stock price when the opinion was issued
As of Jul 16, 2024. Market Open.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The $45M bought deal adds to the current cash of $173M. The cash needs are close to the cash position. The mine has reported an okay technical report. Would like to see the IRR higher than 19% however. Removal of financial uncertainty will be good for the stock. The sector has been doing somewhat better. Unlock Premium - Try 5i Free
Just announced a great record quarter and upped their guidance. 2012 will be 102,000 ounces instead of 87000. 2013 is going to be 130,000 and 2014 will be 240,000. Will be acquiring Prodigy (PDG-X), which is in northern Ontario. Paid $55 an ounce, which is cheap and this will double their production in 2016. In 4 years, it will be 5X the size it is now.