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AAU - Almaden Minerals: Waiting For The Permit To Soar
Almaden Minerals Ltd.
Almaden's Ixtaca gold-silver project has an after-tax NPV(5%) over $800 million at the current metals prices, which compares very favorably to its enterprise value of less than $60 million.
The mine should be able to produce 173,000 toz of gold equivalent per year, over an 11-year mine life, at an AISC of $850/toz.
The initial CAPEX is estimated only at $174 million.
The issues with permitting and a mineral title lawsuit are weighing on the share price negatively.