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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (70115)	11/20/2019 7:57:49 AM
From: Goose94	Read Replies (2) \| Respond to of 202988

Almaden Minerals (AMM-T) Mackie Research analyst Stuart McDougall rates Almaden Minerals "speculative buy." Mr. McDougall calls Almaden's Ixtaca gold-silver deposit in Mexico "a springboard to mid-tier producer status." Mr. McDougall targets the shares at $1.30. Mr. McDougal says in a note: "We rank Almaden Minerals among a select few junior development companies with the potential to leap to mid-tier producer status from a single asset. Moreover, management's textbook discovery of the Ixtaca open-pit gold-silver deposit also ranks them high on our credibility list, as does their purchase of a mill three years ahead of a full feasibility study. In our view, AMM has done a first-rate job at discovering and advancing Ixtaca to the point where a construction decision can be made. That said, the government has placed the permitting process on hold, pending the outcome of a legal challenge against the process at Ixtaca. To recognize this uncertainty, our target price is based on a 10-per-cent discount rate to our project DCF and the omission of any exploration upside that we might otherwise include in our valuation."