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

To: Goose94 who wrote (103547)	4/20/2021 9:29:44 AM
From: Goose94	Read Replies (1) \| Respond to of 202903

Aris Gold (ARIS-T) recently raised Cdn$85 million in a PP priced at $2.25 per share. The incoming ARIS board nominees, management and Strategic Advisor Frank Giustra personally participated in the offering for an aggregate of Cdn$38 million. ARIS is currently trading for only $2.35 per share (near their investment price). After the recent release of subscription receipts ARIS now has 137.58 million shares outstanding. The company has a large cash position of US$174.1 million with US$81.74 million in long-term debt for a net cash position of US$92.36 million and an enterprise value of only US$166.29 million. ARIS will soon be closing on a streaming deal with Wheaton Precious Metals (WPM-T) that will provide the company with an additional US$110 million in cash! In 2020, ARIS produced 23,832 oz of gold from its Marmato Upper Mine in Colombia that has been operating since 1991. ARIS is about to construct the Marmato Lower Mine which will increase processing capacity to 5,500 tonnes per day (up from 1,200 tonnes per day today). When construction is complete ARIS will produce 165,000 oz of gold per year! From National Inflation Association