agx.v/ks.v/gcr.v - cash into treasury generated by printing all that paper is going into quality properties and their advancement, that's one side of it with the Hughes productions ... however it goes into treasury at wholesale prices, by PP or opts/wts, and then comes to us at retail, which usually involves a big markup ... not always though, watching share structure carefully can pay off ... that said, i completely forget the wts price/expiry situation with Klondike, which i hold, lol ... haven't gotten to looking at agx.v yet - what properties/events do you expect to drive it?
Red is right, just look at all the paper being created in minerals ... cost of production is a lot lower than metals, so i guess it makes sense on that level
Kootenay is different imho, compare their attitude in re dilution and their performance, how much they've done on how little ... associated with Hughes yes but not lockstep in all ways, very much a McD/Berry effort
goz.v - it's no surprise they're exercising the option, but maybe the realisation of it will bring interest into the stock ... it's always going to be hard for them to get a decent multiple because in the narrow-vein stuff no matter how extensive it gets they'll never have millions of ounces drilled off ahead, only a few years of production, and then drill from underground as they go ... but they'll have cash flow of a million bucks a week before too long, on quite a small dollar for further capex, so while it might be slow progress i can't see much downside risk from here |
