CA - Argonaut Gold: Darkest Before The Dawn

2023-03-15 23:14:14 ET

Summary

• Argonaut is a Canadian junior miner that experienced severe financing issues in 2022 and is transitioning to a lower-cost intermediate producer with the development of its notable Magino mine.
• I believe that Argonaut's mines are currently severely undervalued relative to future mine production capacity due to one big reason - the excessive fear of continued financing and cost revision.
• The company is on track to recovery after recently raising a hefty sum of capital and finishing 80% of Magino's development - which will bring significant upsides to Argonaut Gold.
• Argonaut recently suffered tremendous share price decline and value destruction. But it's darkest before dawn, and I believe the dawn is coming.

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