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checkmate28

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checkmate28

Re: CPTMatt post# 34857

Friday, 07/03/2020 2:43:21 PM

Friday, July 03, 2020 2:43:21 PM

Post# of 35727
Argonaut Gold. Things going very well after closing the Alio Merger 2 days ago. Today they Announced the Updated Life of Mine Plan for the former Alio Florida Canyon mine.


Played out well these last 2 weeks.


Todays news gives the bolt on former Alio Florida mine a life of mine a $491 million Free Cash Flow at $2,000 gold over the 9.5 year mine life. The mine has a million oz gold Resource in the Probable catagory. Thats about $52 million a year in FCF to Argonaut just for this former marginal Alio producing mine. I could make the case that this mine alone will support AR's current $500M market cap with $2000 gold

Lots more catalyst coming these next 6 months.

Do we sell short term or do we hold?

Long term AR looks like a monster!

CM
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