Due to funding the "Magino Project", $500M in financing, AR is trading in the pennies. The "Magino Project", is now fully funded, and 70% complete. I performed an asset valuation on AR's mineral reserves and mineral resources proven and probable data, the results were..
303,000,000.00/tonnes * .71/grade / 31.1034768(gram-ounce conversion) = 6,916,590.109308937/oz
6,916,590.109308937/oz * (1860 - 1200) = US $4,564,949,472.143898
5th of December 2022, AR entered into a binding agreement to sell Ana Paula and option the San Antonio Project. Heliostar is to pay US $10M to AR at closing, with additional payments, plus an option agreement in accordance to price of gold, and 2% NSR royalties.
"Magino Project", is currently constructed to crush approximately 10,000/tonnes of ore per day, and rumors are in near future "Magino Project", will be capable of crushing 40,000/tonnes of ore per day. "Magino Project", may also include underground mining in near future.
AR has a limited time GOLD hedge at $1860. The "Magino Project", will transform into a low cost intermediate producer in near future. AR optimistic average AISC is $1200. AR has the potential to boost production to +500,000/oz annual, or $930M annual revenue, and $0.4125 annual EPS. Currently, with the "Magino Project", estimated production capabilities 10,000/tonnes of ore per day at 1.15/grade cap, or 134,952.7587218159/oz annual production cap. Using AR's annual GEOs record of 244,156 + 134,952.7587218159 = 379,108.76/oz annual production, or 705,142,291.22M annual revenue, and $0.3127647259454981 annual EPS.
Using AR's neighbor "Island Gold", to reference future expectation for the "Magino Project", AGI is forecasting 287,000/oz annual production at "Island Gold", upcoming 2026.
Gold is bullish. Banks are forecasting GOLD to $3000/oz. GOLD is a reserve currency, and banks are significant holders of GOLD. Central Bank GOLD reserves are at their highest level since 1990. GOLD will be very attractive ultimatum for US investors. 10 year treasury note yield is a proxy for fixed rate mortgages. High yields attract investors, but US cannot afford the TNX to rise, or else mortgage bonds will become worthless, which I believe is already happening. In turn, US will be obliged to decrease inflation, yields/bonds will drop in value, chasing away investors, and decreasing value of DOLLAR. US investors will flock to "Safe Haven", GOLD.
AR has seen a significant increase in insider buying since AR hit $0.45, James Kofman +724,272, Brian Arkell +351,773, Phillip Radford +175,211, and Scott Richard +2,173,500. "Insiders", are holding a total of 3,424,756 AR shares, insider sentiment is projecting "AR is bullish".
I will be adding to my long position on dips/retracements. LONG targets on fib extensions 2 - 2.618, if AR surpasses these levels, I will be looking for old highs, $9 - $11 range. Presently, I am looking for lows and retracements to add to my LONG position, as AR's February earnings report is estimating negative eps. I personally, will not be setting stops.
303,000,000.00/tonnes * .71/grade / 31.1034768(gram-ounce conversion) = 6,916,590.109308937/oz
6,916,590.109308937/oz * (1860 - 1200) = US $4,564,949,472.143898
5th of December 2022, AR entered into a binding agreement to sell Ana Paula and option the San Antonio Project. Heliostar is to pay US $10M to AR at closing, with additional payments, plus an option agreement in accordance to price of gold, and 2% NSR royalties.
"Magino Project", is currently constructed to crush approximately 10,000/tonnes of ore per day, and rumors are in near future "Magino Project", will be capable of crushing 40,000/tonnes of ore per day. "Magino Project", may also include underground mining in near future.
AR has a limited time GOLD hedge at $1860. The "Magino Project", will transform into a low cost intermediate producer in near future. AR optimistic average AISC is $1200. AR has the potential to boost production to +500,000/oz annual, or $930M annual revenue, and $0.4125 annual EPS. Currently, with the "Magino Project", estimated production capabilities 10,000/tonnes of ore per day at 1.15/grade cap, or 134,952.7587218159/oz annual production cap. Using AR's annual GEOs record of 244,156 + 134,952.7587218159 = 379,108.76/oz annual production, or 705,142,291.22M annual revenue, and $0.3127647259454981 annual EPS.
Using AR's neighbor "Island Gold", to reference future expectation for the "Magino Project", AGI is forecasting 287,000/oz annual production at "Island Gold", upcoming 2026.
Gold is bullish. Banks are forecasting GOLD to $3000/oz. GOLD is a reserve currency, and banks are significant holders of GOLD. Central Bank GOLD reserves are at their highest level since 1990. GOLD will be very attractive ultimatum for US investors. 10 year treasury note yield is a proxy for fixed rate mortgages. High yields attract investors, but US cannot afford the TNX to rise, or else mortgage bonds will become worthless, which I believe is already happening. In turn, US will be obliged to decrease inflation, yields/bonds will drop in value, chasing away investors, and decreasing value of DOLLAR. US investors will flock to "Safe Haven", GOLD.
AR has seen a significant increase in insider buying since AR hit $0.45, James Kofman +724,272, Brian Arkell +351,773, Phillip Radford +175,211, and Scott Richard +2,173,500. "Insiders", are holding a total of 3,424,756 AR shares, insider sentiment is projecting "AR is bullish".
I will be adding to my long position on dips/retracements. LONG targets on fib extensions 2 - 2.618, if AR surpasses these levels, I will be looking for old highs, $9 - $11 range. Presently, I am looking for lows and retracements to add to my LONG position, as AR's February earnings report is estimating negative eps. I personally, will not be setting stops.