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12/01/20 2:13 PM

#22 RE: boston127 #21

Five factors that separate Allegiant from other junior mining/exploration companies:

1. Team - No team has found and put into production more mines in Nevada than its geological team led by the legendary Andy Wallace.

2. Jurisdiction - Nevada ranked #1 by the Frasier Institute. Easy permitting. Amazing infrastructure. Projects costing $100 million in CAPEX that would cost $500 million elsewhere because one doesn’t have to build roads (Yukon or some other remote place, bring in electricity, etc.). The U.S. is simply a great place to be and Nevada is the best place in the U.S. Allegiant is an American Company based in Reno with projects in Nevada, Arizona and New Mexico.

3. Resource - Most explorers are touting great drill results but why don’t they publish a resource estimate so you can see what they have? AUXXF has 1.1 million AuEq at 0.6 g/t for oxide heap leach project. The average grade of producing oxide heap leach mines in Nevada is around 0.45 g/t. Eastside, AUXXF's Flagship project, has the ability to grow to a multi-million-ounce resource.

4. Cash Flow - How many juniors actually have cash coming into the till every year? Over the next 12 months, AUXXF will receive approximately C$2mm in payments from is project farm outs. Allegiant currently has four projects farmed out (our two silver projects, one base metal and one gold project).

5. Insider Buying - Insiders have purchased 9 million shares in the open market the past 12 months (around 13% of the outstanding). Plus, they have acquired an additional 3 million in private placement and/or RSUs. No other management of any junior company in the gold exploration sector (publicly traded) with less than 100 million shares outstanding, can say that they have purchased 13% of the outstanding. AUXXF a very tight share structure with 74mm shares outstanding. 6 million warrants. Almost no options. 2.7mm in Restricted Stock Units (RSUs).