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Argonaut GoldAR.TOWEAK BUYJan 07, 2014Stock 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
He has very little gold. These guys are really good operators. These guys have costs around $700 per oz. This is one of 4 companies in North America that has costs under $1000. Growth coming from production. Not a bad entry point if you want it for a little bit of insurance.