Allegiant Gold Ltd (AUXXF)

[boston127]

The BOLO project is interesting.

The company has farmed it out, giving up 50% in exchange for $1M and an agreement by the partner to spend $4M in exploring for gold and silver. That is a good deal for the company. We could see a consistent rise in pps from here. Just from the money they have received, they are earning .01/share, a multiple of 9.5 from today's price. Not bad. The multiple for the most successful gold mining company, Newmont Goldcorp, is 13.

But, we have momentum and we are exploring and making deals. Thus, we should be priced at higher multiples. Companies similar to us are trading at PE multiples of 36X all the way to 193X.

GOLD STOCKS WITH THE MOST MOMENTUM

Alacer Gold Corp. (ASR.TO) Price = 6.49 PE = 19

Kirkland Lake Gold Ltd. (KL) Price = 63.32 PE = 14

Eldorado Gold Corp (ELD.TO) Price = 10.09 PE = 13