From the AGI Yahoo Message Board post by JJ:
I'm holding out until the February 20 earnings call. AGI is severely undervalued. Read what Rupert Hargreaves wrote about AGI on February 12, 2014:
"Short-term pain, long-term gain
Alamos Gold is one of the more interesting gold miners on the market right now. The company has a strong balance sheet with a total of $437 million in cash and short term equivalents at the end of the fiscal third quarter, around 38% of the company's current market capitalization.
The company owns and runs the Mulatos gold mine in Mexico, one of the lowest-cost gold mines in the world. In fact, Alamos is producing at Mulatos for an all-in sustaining cost of $800 per ounce of gold produced -- that's more than $100 less per ounce than industry-leader Barrick Gold's AISC.
Unfortunately, Alamos' volume is expected to fall during 2014 by around 30,000 ounces, and the company's AISC is expect to rise to just under $1,000 per ounce. However, this slide in production volumes and rise in costs is only short term as the company transitions from open pit to underground mining for a higher quality of gold ore. Production is expected to rise back to 200,000 ounces per year during 2016.
All in all, Alamos recons that it has 6.6 million ounces of gold in reserve and nearly 36 million ounces of silver. To put this in some perspective, with gold currently trading at $1,260 per oz and silver trading at around $20 per ounce, Alamos' reserves are worth an estimated $9 billion, compared to the company's current market cap of $1.15 billion."
Long story short, when AGI releases its numbers, including reserves and total assets, it is going to move into a gradual uptrend. A company trading at 1/8 of its total valuation will head up eventually.
GLTAL.
